S&P/ASX 200 remains resilient to lockdowns

ASX recovers from 5-day low to close flat. Kathmandu shares hit. Banks bounce on buy Covid-related dips guidance.

Lockdown stocks are back in favour on the Australian sharemarket. Picture: Christian Gilles

Australian stocks fell 0.9pc to a five-day low as Queensland joined lockdowns, but stocks recovered to close virtually flat. Kathmandu sales hit. WAM Global, Templeton to merge. Banks bounced late in the day. Nuix exec travel ban.

On Wall Street, the Nasdaq gained 1.0 per cent, the S&P 500 added 0.2 percent, while the Dow  dropped 0.4 per cent. Europe markets turned lower after Asia struggled to maintain momentum following last week’s gains. For more on the impact of the Covid lockdowns, follow The Australian's live coronavirus blog. 

Originally published as S&P/ASX 200 remains resilient to lockdowns

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