Australia: Shares drop as Victoria records highest Covid19 daily death toll
Australian shares fell on Monday as the country's second-most populous state reported its deadliest day of the Covid-19 pandemic, with financial stocks leading the retreat.[BENGALURU] Australian shares fell on Monday as the country's second-most populous state reported its deadliest day of the Covid-19 pandemic, with financial stocks leading the retreat.
The S&P/ASX 200 index was down 0.9 per cent to 6,073.10 by 0108 GMT in its biggest intraday percentage drop since Aug 5. Last week, it gained 2 per cent. Victoria state, which extended the state of emergency by four more weeks on Sunday, reported its biggest daily death toll on Monday with 25 fatalities and 282 new infections.
Index heavyweight financials dropped 1.7 per cent and led declines on the benchmark. The"Big Four" banks lost between 1.1 per cent and 2.3 per cent. Among other losers, mid-sized lender Bendigo and Adelaide Bank lost 5.6 per cent and was headed for its worst day in more than two months as its annual profit nearly halved.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australia close to deal to produce Covid-19 vaccineSYDNEY (BLOOMBERG) - Australia said it is close to reaching a deal to produce a Covid-19 vaccine, as the country struggles to contain spiralling infections in Victoria, a state that has seen renewed lockdown measures.. Read more at straitstimes.com.
Read more »
New Zealand COVID-19 outbreak grows, Australia still strugglesWELLINGTON: New Zealand on Saturday (Aug 15) reported seven new cases of the coronavirus as a lockdown in the country's biggest city, Auckland, ...
Read more »
New Zealand Covid-19 outbreak grows, Australia still struggles[MELBOURNE] New Zealand on Saturday reported seven new cases of the coronavirus as a lockdown in the country's biggest city, Auckland, was extended on Friday in response to the country's first coronavirus outbreak in months. Read more at The Business Times.
Read more »
India's Covid-19 tally rises to 2.5 million, death toll nears 50,000NEW DELHI (Xinhua) - India's Covid-19 tally reached 2,589,682 on Sunday (Aug 16) as 49,980 deaths have taken place so far across the country, according to the latest health ministry data.. Read more at straitstimes.com.
Read more »
French daily Covid-19 cases rise above 3,000PARIS (REUTERS) - France reported 3,310 new coronavirus infections over the past 24 hours, marking a post-lockdown high for the fourth day in a row as the country grapples with a rebound in cases.. Read more at straitstimes.com.
Read more »