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…
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