Business
Australian shares drop, Dow Jones falls 650 points on surging COVID-19 infections – ABC News
Australian shares fall in early trade, after the Dow Jones suffered its worst day in seven weeks amid a record spike in COVID-19 cases.
Australian shares have fallen sharply in early trade, following a sell-off on global markets overnight.
Wall Street, in particular,suffered its worst day since early-Septemberamid a record spike in the United States’COVID-19 cases.
By 11:10am AEDT, the benchmark ASX 200 index was down 80 points (or 1.3 per cent) to 6,076.
The worst performing stocks were Afterpay (-3.6pc), Zip Co (-5.5pc), Avita Therapeutics (-5.3pc), Credit Corp (-3.4pc) and Appen (-3.5pc).
On the flip side, Blackmores (+4.2pc),…
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