General
Australian share market opens flat as fears rise over spread of NSW coronavirus outbreak into Victoria
The Australian stock market has opened flat in the final trading session for 2020 as fears grow the outbreak of coronavirus in NSW has spread into Victoria.
Key points:
- All three major US stock indexes closed higher on Wednesday
- The Australian dollar has gained 1 per cent to 76.88 US cents
- The Nasdaq is set for its best yearly performance since 2009
The ASX200 and All Ords both rose just 0.2 per cent despite almost record gains on Wall Street overnight.
Dozens of close contacts are isolating in Melbourne after being linked to three new cases of COVID-19, which yesterday ended Victoria’s 61-day run of zero locally acquired cases.
It’s believed the cases are linked to the outbreak in NSW.
The Victorian Government took swift action and added…
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