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ASX to fall further after US tech rout deepens; Vic lockdown extended

Summary

  • SPI futures are down 0.6% and hint at early losses for the ASX 200 on Monday. US mega-cap tech stocks suffered again at the end of the trading week
  • An opening drop would extend the local market's sharpest one-day loss in four months. The ASX 200 shed $56 billion in a 3.1% dive on Friday
  • Deals signed by biotech CSL could see a COVID-19 vaccine release in Australia by early next year
  • Melbourne's stage four lockdown will be extended for two weeks beyond the original end date of September 13, while stage three restrictions will ease slightly in regional Victoria 

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