Australia: Shares end flat as investors brace for business closures

[SYDNEY] Australian shares ended flat on Monday as investors fretted that further virus-led business closures in the country's second-largest state could assuage hopes of a quick economic rebound from the pandemic-induced recession.

"People are reassessing the burden of bad loans as businesses close, and domestic-focused banking and consumer stocks are suffering as a result," Henry Jennings, senior analyst at Marcus Today Financial said. Financials, which were the biggest laggards, closed more than 2 per cent lower with the so-called 'Big Four' banks dropping as much as 4.1 per cent.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Seoul: Stocks end flat as stalled US stimulus offsets data optimism[SEOUL] South Korean shares closed almost flat on Monday as dented hopes over a new US stimulus plan and a global surge in coronavirus cases offset optimism around domestic data. Read more at The Business Times.
Fuente: BusinessTimes - 🏆 15. / 51 Leer más »

Singapore stocks open lower on Monday; STI down 0.6%SINGAPORE shares continued their decline on Monday morning from the week before. Read more at The Business Times.
Fuente: BusinessTimes - 🏆 15. / 51 Leer más »