ASX falls as Victoria's tougher COVID lockdown weighs on business

📆 8/3/2020 4:11 AM
📰 abcnews

⏱ Reading Time:
18 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 83%

Business News News

Business Business Latest News,Business Business Headlines

The Australian share market is lower in early trade as Victoria declares a state of disaster and announces harsher coronavirus restrictions, including an evening curfew and new rules around businesses.

Jobs website Seek is the latest firm to ditch its dividend amid COVID-19 uncertainty

The All Ordinaries index lost a similar percentage and was down 62 points to 5,998, slipping below the psychological 6,000-point mark. Gaming firm Tabcorp will write down the goodwill value of its betting, media and gaming services businesses by up to $1.1 billion for the 2020 financial year because of the impact of the coronavirus.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'I don’t do boomer stocks': Gen ASX discovers investing. What could go wrong?A growing army of younger investors are piling into sharemarkets. So far they are being rewarded, but regulators are nervous | sdanck sdanck “Investors” ? That’s cute. sdanck Young gamblers think they can make a quick buck, like during the dot com bubble. But the difference is this time we have the worst economic crisis. Should be fun.
Source: smh - 🏆 6. / 80 Read more »