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ASX to drop from seven-month high, Wall Street slips on COVID-19 vaccine delay – ABC News
Australian shares are expected to drop in early trade, after hitting a seven-month high on Tuesday, as Johnson & Johnson delays its vaccine trial.
Australian shares are expected to drop in early trade, after hitting a seven-month high on Tuesday.
Key points:
- The ASX 200 has jumped 6.5pc since October 1
- The Australian dollar has risen 3.1pc in the past three months
- Markets fell after Johnson & Johnson and Eli Lilly delayed their COVID trials
ASX futures were down 55 points (or 0.9 per cent) by 7:10am AEST.
The Australian dollar had also fallen (-0.7pc) to 71.58 US cents, on reports that China has st…
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