ASX 200 inches closer to record; Fortescue resets high

News Snapshot:

The Australian sharemarket inched closer to reclaiming its record high, tracking gains on Wall Street and in iron ore, the economy’s No.1 export, which last changed hands near $US140 ($204.17) a tonne in the futures market. The S & P/ASX 200 index rose 0.4 per cent, or 28.1 points, to 7589.3 at the start of trade on Thursday, led by mining and financials stocks. Nine out of 11 sectors were in the green in the second-last session for 2023. The ASX is poised to rise on Thursday. Louie Douvis The benchmark is within 80 points of the record set in...