ASX to keep falling as new UK COVID strain hits overseas markets

The ASX 200 closed flat yesterday in the face of a fresh outbreak of the pandemic here in Sydney.The Australian dollar is currently 0.4 per cent down to 75.93 US cents.Rapidly spreading infections in southern England are being blamed on a new, highly-infectious coronavirus variant.European shares fell on Monday in their worst session in almost two months.

Over in the US, at one point during Monday trade, the Dow took a sharp fall, but financials have since helped the blue-chip benchmark recover to 30,2780 points. During trade, electric car maker Telsa also became the most valuable company ever added to the S&P 500 and will account for about 1.69 per cent of the index.

Source: News Formal (newsformal.com)

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