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[email protected]: ASX set for flat open with all eyes on the virus – Sydney Morning Herald

What happened overnight and what is ahead for the Australian sharemarket.



4. ASX200 gains for the week, despite COVID-19 concerns: The ASX200 followed the broader trend, adding 1.93 per cent for the week, with SPI Futures indicating the index ought to set-off into the new week on a flat note. Price action across the ASX200 proved largely driven once again by fears about local COVID-19 outbreaks and tighter lockdowns. Despite that, market participants appeared willing to increase their exposure to risk. A lift in commodity prices drove the materials sector to the top o…

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