Highlights
  • ASX closes 1.16% lower on COVID, US Senate runoff.
  • Tech stocks down 3.54%.
  • Douugh in possible ASX breach; buys investing app Goodments.

The S&P/ASX200 closed 1.12% lower at 6607.1 points as stocks across all sectors except energy slid over the session.

As an ongoing COVID-19 crisis in NSW and Victoria threatens major sporting events in both states, investors also weighed a likely Democrat win in the crucial Senate run-off in the US state of Georgia.

Tech stocks dragged the local market, with Nanosonics down 7.10%, Polynovo down 6.36% and Bravura Solutions down 4.73%. Energy stocks were the only bright spot - up 1.61% over the session on Saudia Arabia?s decision to slash oil output for the next two months by 1 million barrels a day.

The Aussie dollar is buying US$0.80 at 4.30PM AEDT. Gold is fetching US$1,945.05/ounce, WTI Crude oil is higher at US$50/barrel and iron ore is down at US$163.85/tonne.

Making headlines, Australian money app Douugh said it has been asked by the ASX to respond to possible breaches of listing rules linked to its December equity raise. Separately, it also confirmed it would buy ethical investing app Goodments.

And WA miner Pilbara Minerals has told investors it shipped 70,609 dry metric tonnes of lithium concentrate in the December quarter, up 38% on the previous quarter.