Business
ASX falls; Mesoblast plunges 36pc; QBE, Genworth smashed – afr.com
The sharemarket is lower as banks retreat, but on track for a seventh week of gains. Mesoblast slumps as drug trial disappoints. QBE warns of $1.5 billion loss….
The Australian sharemarket has opened weaker as banks retreat and QBE Insurance tumbles after warnings of a $1.5 billion loss.
The S&P/ASX 200 is down 20.2 points, or 0.3 per cent, to 6736.5 points.
Travel stocks are under pressure as the spike in NSW COVID-19 cases has thrown Christmas travel plans into disarray with states such as Western Australia reimposing 14-days quarantine for visitors from NSW.
Qantas is down 2.8 per cent, Flight Centre has slipped 2.5 per cent and Webjet has tumbled 4.1…
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