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A feverish bull run on Wall St propelled the local share market to fresh records on Wednesday. The benchmark ASX200 lifted 58.6 points, or 0.

73 per cent, to settle at a record high of 8057.9 points, while the broader All Ordinaries index rose 60.2 points, or 0.



73 per cent, to close at 8303.5. Tech stocks climbed 0.

79 per cent to 3184.8. The rally was broadbased, with all 11 industry sectors ending in the green, led by the rate-sensitive real estate sector with a 1.

49 per cent gain. Goodman Group lifted 1.16 per cent to $36.

67 a share, Scentre Group rose 1.83 per cent to $3.34 and Domain Holdings jumped 2.

15 per cent to $3.32. With Wednesday’s session, the benchmark has gained 241 points, or 3 per cent, from the July 10 close at 7816.

8 points. “Last week saw the annual Running of the Bulls in Pamplona, a tradition that dates back to the 13th century in Spain and runs from July 6 to July 14 every year,” IG market analyst Tony Sycamore said. “The timing coincided with the start of the Australian version of the Running of the Bulls for the Australian stock market.

“Given that the timing and speed of the move have likely caught some investors by surprise, we expect the ASX200 to be well supported on dips between 8000 and 7900.” The bull run is taking its cues from Wall St, which is in the grip of its own feverish rally driven by excitement around AI, expectations of imminent US Federal Reserve rate cuts and the increasing likelihood of a Donald Trump victory in the Nov.

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