Business
As it happened: Virus fears, commodities slump wipes 0.7% from ASX – The Sydney Morning Herald
The ASX 200 has continued its September slide, dropping to a three-month low on Tuesday. The market closed 0.7% lower at 5784.1.
Miners BHP, Rio Tinto, Fortescue Metals and Newcrest suffered as a stronger US dollar sapped commodity prices, while the nations major banks were also in decline. Travel stocks, energy firms and property trusts were also battered.
The local market is now down 4.6 per cent for the month and has lost 6.1 per cent since closing at a post-pandemic peak on August 25.
Wall Street’s dour mood again proved influential as hopes faded that a fiscal stimulus package will be agreed to before the November …
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