ASX set to open lower amid virus concerns

Australia’s share market could be in for a “rough” week as ongoing concerns of a second wave of coronavirus cases in the United States continue to play havoc with the global economy. The ASX is likely to open lower on Monday due to a fairly sharp...

ASX to fall early as US slides on virus

Losses are likely early on the Australian share market after rising coronavirus cases in the US caused many traders there to sell stock. The Australian SPI 200 futures contract was down by 92.0 points, or 1.55 per cent, to 5,837.0 at 0700 AEST on Thursday. In the US,...

Sheep guts powering Kiwi firm to ASX float

An Auckland-based company that makes a wound healing product from sheep guts is set to join the ASX biotech ranks next month following a $45 million initial public offering. Aroa Biosurgery Limited made $NZ22 million ($A20.5 million) in revenue in the 12 months to...

ASX set for early rise on US stimulus hope

Shares are set to gain in value at the opening of trade on the Australian market, after US investors focused on economic optimism rather than increasing coronavirus infections. The Australian SPI 200 futures contract was higher by 34.0 points, or 0.58 per cent, to...

ASX set for sluggish Monday start

Australia’s share market is likely to be subdued when it opens on Monday following a spike in coronavirus cases in the US and concerns of a second wave in Victoria, a leading economist warns. The US market was “volatile’ on Friday with the Dow Jones...