ASX takes a 1.7pc hit as Appen dives and travel stocks hit by Europe woes and COVID variant fears

asx takes a 1 7pc hit as appen dives and travel stocks hit by europe woes and covid variant fears

Sumary of ASX takes a 1.7pc hit as Appen dives and travel stocks hit by Europe woes and COVID variant fears:

  • The Australian share market has lost almost 2 per cent on Friday, with travel stocks falling as lockdown woes re-emerge in Europe.
  • Key points:US markets were closed for the Thanksgiving holidayEuropean markets were up despite the worsening COVID-19 situation thereThe ASX 200 ended Friday 1.7 per cent downAt 10:45am AEDT, the ASX 200 was down 0.5 per cent.
  • It ended the day down 1.7 per cent at 7,279.The day’s biggest loser was Appen, which dived 18 per cent after Macquarie downgraded its rating from “neutral” to “underperform”.
  • “Unsurprisingly, Governing Council members generally agreed that the “hump” in inflation will subside next year, although supply bottlenecks will last longer than originally anticipated,” ANZ noted this morning.

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