The Australian share market finished session lower on Monday, 19 July 2021, mirroring weak global cues as signs of growing inflationary pressures and concerns that a surge in Delta variant cases in the country and other Asian nations
Australian authorities said Victoria state will extend a Covid-19 lockdown beyond Tuesday, while other Asian countries also struggled to curb the virus, denting markets already worried about global growth and high inflation.
At closing bell, the benchmark S&P/ASX200 fell 62.14 points, or 0.85%, to 7,285.98. The broader All Ordinaries dropped 70.99 points, or 0.93%, to 7,559.74.
CURRENCY NEWS: The Australian dollar changed hands at $0.737 lower than levels above $0.748 seen last week.
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