Yahoo Finance ASX loses more than 2% on virus data
The benchmark S&P/ASX200 (^AXJO) has closed 2.45 per cent lower, after ABS survey data showed nearly a quarter of Australian adults are working fewer hours due to the coronavirus pandemic.
The broader All Ordinaries index (^AORD) also closed 2.34 per cent lower.
The Australian dollar was buying 63.50 US cents at noon, up slightly from 63.40 US cents at Friday's close.
What happened this morning?
The benchmark S&P/ASX200 (^AXJO) has opened flat, despite Wall Street closing higher off the back of a surge in Boeing shares.
The broader All Ordinaries index (^AORD) also had a subdued start to the morning, opening 0.050 per cent higher at 10.06 AEST.
Caltex Australia led the energy sector decline with a 7.05 per cent fall to $21.90, while Woodside Petroleum, Beach Energy, Origin, Santos and Oil Search were down by between 1.17 per cent and 2.19 per cent.
NAB was a drag on the heavyweight banking sector, down 0.76 per cent to $16.265, while Commonwealth Bank, Westpac and Macquarie also saw share prices rise.
What happened overnight?
US stocks closed higher, after Boeing shares surged nearly 15 per cent and President Donald Trump announced plans to reopen the economy.
The Nasdaq added 6.1 per cent for the week and registered its biggest two-week percentage gain since 2001.
The Dow Jones Industrial Average rose 2.99 per cent, the S&P 500 gained 2.68 per cent and the Nasdaq Composite added 1.38 per cent.
With AAP.
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