ASX drops 1% on Melbourne lockdown\, big banks hit hard

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ASX rebuilding after early losses, big banks still down

Summary

  • The ASX 200 lost 1% at the open, but has since improved, as Melbourne wakee from its first night of extended COVID-19 lockdowns
  • Victoria is expected to announce 429 new virus cases today. There are no new cases in QLD. 
  • Wall Street stocks rose in their final session of the week as the tech giants surged 
  • Spot gold touched a new all-time record high of $US1984.65 an ounce

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