News Snapshot:
Closing Bell: Between rocks and a hard place (to get COVID), small caps crash and stimmy hopes dash on China lockdowns News Australian markets fell and fell hard on Monday. The benchmark ASX200 is nudging two month lows, while the Greenback’s near 20-year high has left the wee Australian dollarbuck retreating to under US70¢ for the first time since January. China – and fears for China’s economy – are playing out across regional markets. The Hang Seng is down 3.8%. Reports that Shanghai has tightened COVID-19 restrictions pressured the local currency, while iron ore futures also slumped.tech and hit by...
