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ASX Index Falls 1.6% By Close of Trade Today COVID Rises


ASX Index Falls 1.6% By Close of Trade Today. COVID cases have reached further into double digit territory in Australia. Gladys Berejiklian has now put more restrictions on citizen’s activities. The ASX was at that point already losing, and the announcement of restrictions didn’t help. New restrictions are said to include outdoor exercise: two people at a time, down from 10.

You can nolonger go and meander through shops. Essential shopping is the only kind permitted. Only a maximum of ten people can attend funerals now, too. Apparently the leaders are moving to lockdown Sydney as soon as the beginning of next week.

The Premier said NSW is looking at “the biggest challenge we have faced since the pandemic started” and “unless there is a dramatic change, unless there is a dramatic turnaround in the numbers, I can’t see how we would be in a position to ease restrictions by next Friday”.

NSW has reported 44 new cases of COVID, and apparently 29 of those individuals were in the infectious stage while in their communities.

Exercise activities now must take place within 10 kilometers of home. Also, exercise must involve a max of two people at any given time. BNPL shares have tumbled slightly, while Zip Co. and Afterpay were two of the biggest risers on the ASX yesterday, but today they have declined in performance. Payment and technology firms were big decliners for an ASX that was replete with losses at the open. MetaNews is monitoring the build of cases of COVID in Sydney. This may affect markets drastically if cases and policies disrupt trade. Certainly there are other factors that will be taken into account as the week draws to a close. MetaNews will keep its readers informed. ASX Index Falls 1.6% By Close of Trade Today.


Billy Houghton

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