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Australian shares falls on CSL vaccine slump, while Airbnb soars on US market debut – ABC News

The local share market is lower as CSL shares slump on its abandoned COVID-19 vaccine trial. The Australian dollar hits a 2.5 year high above 75 US cents.

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Australian shares have dropped for a second consecutive day as CSL shares slumped on its abandoned COVID-19 vaccine trial, while the Australian dollar rallied.
Key points:

  • Energy and mining stocks rose in early trade after commodity prices lifted overnight
  • Shares in CSL fell 3.2pc after it pulled the pin on its coronavirus vaccine trials
  • In the US, Airbnb made its stock market debut, with shares more than doubling

The All Ordinaries index closed slightly lower (-0.4pc) at 6,886 points on Friday….

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Sue Gilroy