ASX 200 closes down 0.6%; AMP to retain property fund, travel stocks plunge on Covid wave
ASX closes down 0.6%, Covid fears send travel stocks diving, AMP higher after $7bn fund win, Peet secures $1bn development site and Aussie dollar higher.
Welcome to the Trading Day blog for Monday, November 22. ASX closed down 0.6 per cent on falls by travel and banking stocks.
The ASX/SPI 200 closed down 0.6 per cent at 7353.1.
The Dow Jones Industrial Average closed Friday down 0.78 per cent, the S&P 500 was 0.20 per cent lower and the Nasdaq Composite rose 0.4 per cent.
The US Nymex crude (WTI) price tumbled 3 per cent to $US75.94 a barrel on Friday amid concerns over the economic hit from the new lockdowns in Europe.
Iron ore rose 4.7 per cent to $US91.30 a tonne.
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