The Australian sharemarket has finished in the red after a fresh COVID-19 outbreak in Sydney's north quelled the confidence of investors in certain sectors.Notable losers from the day's trade included the A2 Milk Company , QBE Insurance and medicinal company Mesoblast which was savaged minus 35.28 per cent after it announced poor results of a COVID trial.Despite early losses this morning the market as a whole is still up 0.5 per cent over the past five sessions.
Overnight the Aussie dollar was booming, cracking the 76 US cents mark for the first time in two and a half years. News of the Sydney outbreak came just hours after the Treasurer spoke about Australia's near-unparalleled economic recovery.
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