Australian shares hit a fresh record high in a volatile session as utilities gained, with investors awaiting the US Federal Reserve’s Thursday rate decision. The S&P/ASX 200 was down 0.1% in the early afternoon, after briefly reaching a new peak of 8153.5, surpassing Tuesday’s record of 8150.5.
stocks closed nearly unchanged on Tuesday despite a stronger-than-expected retail sales report which helped allay fears of a sharp economic slowdown ahead of the Federal Reserve’s latest policy-setting meeting.
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