Australian stocks continued their march higher, hitting 10-year highs at the start of a new trading week.
The ASX200 briefly broke through the key 6301 point level. At the close, the index was at 6,286.00, up 13.70 points or 0.22%.
The market has gained almost 1.5% in little more than a week since the start of the new financial year.
The financial year closed with total returns on Australian shares (All Ordinaries Accumulation index) up by 13.7%
The ASX200 closed last week at new 10-and-a-half year high. A decade ago the ASX200 was at 5,011.90.
Wall Street ended the week on a high with the S&P500 up 0.9% on Friday, its highest in two weeks, shrugging off news that the US and China imposed $US34 billion of tariffs on each other’s exports, and instead focusing on better-than-expected growth US jobs.
Today on the local market, BHP lead the rises, up 2.1% to $33.86. Rio Tinto added 1.1% to $80.91.
Business Insider Emails & Alerts
Site highlights each day to your inbox.