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ASX falls 0.7pc to three-month low on global lockdown fears – The Australian Financial Review

The ASX sank to a three-month low on Tuesday as investors worried about potential new lockdowns in Europe as COVID-19 cases threaten to spiral out of control.

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The losses were much heavier in Europe, where stocks had their worst session in three months after virus fears hammered travel and leisure companies and banks fell on a report about $US2 trillion ($2.74 trillion) worth of suspect transfers by leading lenders.
Banks dropped in Australian trading, with UK-exposed lender Virgin Money slumping 5 per cent to $1.32 on a combination of worries over the potential introduction of negative interest rates and fresh UK lockdown fears.
Virgin Money’s forme…

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