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…
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