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ASX to dip as Twitter locks Chinese embassy account

Anastasia Santoreneos
·2-min read
UKRAINE - 2021/01/11: In this photo illustration a Twitter logo is seen displayed on a smartphone and a computer screen in the background. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)
UKRAINE - 2021/01/11: In this photo illustration a Twitter logo is seen displayed on a smartphone and a computer screen in the background. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)

Good morning.

Here’s Yahoo Finance’s Friday morning wrap.

The ASX is expected to start lower, after hitting an 11-month high on Thursday, finishing on 6,823.7 points.

Overnight, Wall Street’s main indexes were hovering near record highs on news of more pandemic relief and vaccine rollouts, but finished relatively flat.

The NSW Premier’s staff have been cleared over the shredding of documents relating to a $252 million pork-barrelling scheme.

Documents showing Premier Gladys Berejiklian had “signed off” on $141.8 million of council grants were shredded, and electronic copies deleted.

However, the case did not constitute a serious or systemic breach of the GIPA, according to the NSW Information Commissioner.

Twitter has locked the account of China’s US embassy, after it posted a tweet in defence of the country’s policy on Muslim Uighurs in Xinjang.

The account, @ChineseEmbinUS, said Uighur women were no longer “baby-making machines”. Twitter said the tweet violated its stance against “dehumanising” people.

Facebook has enlisted a quasi-independent oversight board to determine whether Trump’s account ban should continue.

Scott Morrison is stalling: The deep recession of 2020 smashed the labour market, but as the Aussie economy and markets have opened, jobs are returning.

But according to independent economist Stephen Koukoulas, there’s more that could be done - but the Government just isn’t doing it.

Prince Harry, in partnership with the Australian Government, has launched a mental health tool aimed at frontline workers.

The Duke of Sussex urged Aussies to treat “mental fitness” the same as “physical fitness”.

Trump’s security: In the days leading up to Trump’s departure from office, former President Donald Trump requested the Secret Service protect him and his family for the next six months.

Here’s how much that costs.

Auto stocks: Tesla isn’t the only stock in the auto space that’s booming in 2021 - in fact, there are a few other auto companies that are flying under the radar.

Here are other auto stocks exploding in 2021.

Have a great day.

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