ASX falls as virus wave crimps spending

Shares extended their early losses on the ASX as the latest coronavirus wave caused a dip in consumer confidence and companies struggled to supply goods.

The market lost 0.77 per cent on Tuesday and almost all share categories were lower after Wall Street closed down.

Poultry producer Inghams reported impacts on sales and distribution from many staff being infected with the virus. Shares dropped almost six per cent to $3.32.

The benchmark S&P/ASX200 index closed down 57 points, or 0.77 per cent, to 7390.1 points.

The All Ordinaries index closed lower by 55.4 points, or 0.71 per cent, to 7710.7 points.

The Australian dollar was buying 71.87 US cents at 1623 AEDT, lower from 71.93 US cents at Monday's close.

Austrlaian Associated PressBack to Breaking News

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