Business
Australian shares drop from nine-month high, as COVID-19 vaccine rally stumbles – ABC News
Australian shares snap their three-day winning streak, as investors cashed out after an unusually strong November rally, boosted by COVID-19 vaccine euphoria.
Australian shares have snapped a three-day winning streak, with investors cashing out after an unusually strong November rally boosted by COVID-19 vaccine euphoria.
The ASX 200 index closed 50 points (-0.7pc) lower at 6,636.
For the past three days, the benchmark index had posted solid gains, and climbed to its highest level since late February.
The broader All Ordinaries dropped (-0.6pc) to 6849 points, also down from a nine-month high.
Despite today’s falls, the Australian market has surged 12…
-
General15 hours agoFerries and celebrities as pollies dash to win the west
-
Noosa News20 hours agoCSIRO, winemakers pair to breed mildew, climate-resistant grapevines
-
Business20 hours ago3 ASX 200 stocks I’d buy and hold for the next 10 years
-
Noosa News16 hours agoChild killer Rick Thorburn who murdered Tiahleigh Palmer found dead in jail cell