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ASX sags for second straight session; BHP, banks, Transurban dip – The Sydney Morning Herald

The ASX 200 was down 0.4% on Friday after a sharp selloff on Wall Street overnight, fuelled by spiking COVID-19 infections and the prospect of future lockdowns.

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The pitches are rolling in at this year’s virtual Sohn Hearts and Minds Investment Conference, with US hedge fund supremo Bill Ackman kicking off the event by declaring 2021 as a year to “go long”.
Mr Ackman, who runs the $US11.5 billion Pershing Square fund, told the conference he expects a strong economic recovery in the US next year, fuelled by a policy status-quo that is likely to accompany a Joe Biden Presidency, as well as pent up consumer spending, low interest rates. and the promise of…

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