Australian shares have reached fresh all-time highs for a fourth consecutive day following the signing of a trade deal between the US and China earlier this week.
The broader All Ordinaries gained 34.3 points, or 0.48 per cent, to 7,192.9, down from a record 7205.5 reached in morning trade. The market followed new highs set on Wall Street overnight following the end of the 18-month tariff war between China and the US that hampered global growth and financial markets.
"This further clearing of the trade clouds fogging the global economy saw investors push US indices to new heights, and lifted the US dollar," he said.CSL and a raft of other stocks hit new records but Nufarm was the worst performer.
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