Business
ASX falls; AMP soars 21pc; ResMed rallies 9pc on earnings – The Australian Financial Review
The Australian sharemarket fell 3.9 per cent over the week on US election uncertainty and concerns about rising COVID-19 cases in Europe and the US.
The Australian sharemarket notched up its worst week since late April as stocks sold off sharply in the final moments of trade on Friday.
The S&P/ASX200 Index 32.7 points, or 0.6 per cent, to 5927.6 points on Friday. The market tumbled around 30 points in the final 15 minutes of trade.
The benchmark fell 3.9 per cent over the week – the worst performance since the week ended April 24 – amid concerns over rising COVID-19 cases in the US and Europe and uncertainty around next week’s US election….
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