ASX 200 tumbles; travel stocks plunge over new Covid fears

ASX 200 falls 1.7 per cent at close as travel stocks plunge over Covid fears, CBA hikes rates for third time in six weeks, and Appen slump deepens. 

Welcome to the Trading Day blog for Friday, November 26. The ASX 200 closed down 1.73 per cent at 7279.3 points. Investors wiped $41 billion off Australian shares, the Aussie dollar and industrial commodities dropped and bond yields dived as Covid worries spooked global markets.

The ASX 200 closed down 128 points or 1.73 per cent at 7279.3 points.

The US markets were closed on Thursday for the Thanksgiving holiday, but European markets were firmer with utility stocks the strongest across the continent.

Iron ore fell 3.2 per cent yesterday to $US100.10 a tonne. The US Nymex crude price fell by 0.5 per cent to $US78.03 a barrel.

Originally published as ASX 200 tumbles; travel stocks plunge over new Covid fears