Lockdowns to affect stock market | Sky News Australia

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Sky News contributor Peter Switzer says it’s possible the ASX will fall today amid a spike in COVID-19 cases nationwide.

New cases have been reported in Queensland, the Northern Territory, New South Wales and Western Australia. Parts of the Northern Territory have entered a 48 hour lockdown - with five new cases connected to a worker at a mine in Central Australia.

Western Australia and Queensland have also tightened restrictions after reporting new cases - while Greater Sydney began a two week lockdown from 6pm on Saturday. “Some stocks lose and some stocks gain. It’s going to be 50-50 and I suspect there will be a bit of negativity,” Mr Switzer told Sky News.

 

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