Closing Bell 19th September: Sims Metals rallies after trading update. ASX rallies to records after FED cuts rates overnight
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.