Australian shares fell more than 1% on Thursday, as concerns about the global economic recovery escalated after data showed that business activity in the United States and Europe cooled this month due to new restrictions to quell the coronavirus.
FILE PHOTO: A board displaying stock prices is adorned with the Australian Securities Exchange logo in central Sydney, Australia, February 13, 2018. REUTERS/David Grayfell 1.6% to 5,831.30 by 0016 GMT, on track for its worst session since Sept. 9. The benchmark closed 2.4% firmer on Wednesday.
Wall Street indexes fell sharply overnight after data showed a loss of momentum in the U.S. economy during September, amid rising concerns about a potential surge in COVID-19 cases as countries head into colder months. Additionally, a survey showed that business growth in the Euro zone ground to a halt in September, throwing economic recovery into question, as fresh restrictions to quell a resurgence in coronavirus infections slammed the services industry into reverse.tumbled as much as 4.4% to its lowest level since Aug. 28, as bullion prices touched a more-than-two-month low. [GOL/]
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