The Australian share market remains strongly at a loss, after rising coronavirus cases in the United States saw a sharp sell-off on Wall Street on Friday.
Key points:
- Banks and energy stocks led the falls on the ASX in early trade
- Gold miners were one of the few bright spots on the Australian share market
- On Friday, the Dow Jones fell 2.8 pc as coronavirus cases continued to rise in the United States
By 11: 55 am AEST, the benchmark ASX 200 index was down by 1.1 per cent to 5,838 points, while the All Ordinaries index had lost 66 indicate 5,945
The Australian dollar had actually risen slightly to around 68.7 US cents.
The significant bank stocks remained in the red but off their early lows, includi