Business
ASX falls 0.7pc to three-month low on global lockdown fears – The Australian Financial Review
The ASX sank to a three-month low on Tuesday as investors worried about potential new lockdowns in Europe as COVID-19 cases threaten to spiral out of control.
The losses were much heavier in Europe, where stocks had their worst session in three months after virus fears hammered travel and leisure companies and banks fell on a report about $US2 trillion ($2.74 trillion) worth of suspect transfers by leading lenders.
Banks dropped in Australian trading, with UK-exposed lender Virgin Money slumping 5 per cent to $1.32 on a combination of worries over the potential introduction of negative interest rates and fresh UK lockdown fears.
Virgin Money’s forme…
-
Noosa News16 hours agoTeenage boy crashes into Ipswich home, left fighting for life in hospital
-
Noosa News24 hours agoAustralian exporters fear Donald Trump’s tariffs will trigger global recession
-
General22 hours agoUN special envoy Julie Bishop makes first trip to Myanmar after earthquake
-
General19 hours agoNZ PM wants united trade bloc-EU response to tariffs