Business
Australian shares drop, Dow Jones falls 650 points on surging COVID-19 infections – ABC News
Australian shares fall in early trade, after the Dow Jones suffered its worst day in seven weeks amid a record spike in COVID-19 cases.
Australian shares have fallen sharply in early trade, following a sell-off on global markets overnight.
Wall Street, in particular,suffered its worst day since early-Septemberamid a record spike in the United States’COVID-19 cases.
By 11:10am AEDT, the benchmark ASX 200 index was down 80 points (or 1.3 per cent) to 6,076.
The worst performing stocks were Afterpay (-3.6pc), Zip Co (-5.5pc), Avita Therapeutics (-5.3pc), Credit Corp (-3.4pc) and Appen (-3.5pc).
On the flip side, Blackmores (+4.2pc),…
-
Noosa News20 hours agoTammy Hembrow’s half-brother walks free after choking and stalking ex-girlfriend
-
Noosa News24 hours agoUnplanned CFMEU protests spark across Brisbane city as workers back ousted leaders
-
Noosa News18 hours agoNew Story Bridge footpath decking will be similar to the South Bank boardwalk, with one footpath expected to be open by the end of 2025
-
Business20 hours agoGuess which ASX 300 stock was downgraded to sell today