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

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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.

 

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