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ASX on track to snap 6-week winning streak: energy & banks lead the bourse 2.4% lower at noon

12 Jun 2020 – The local bourse is on track to snap a six-week winning streak as a sell-off in bank and energy stocks ramps up. The declines follow a slump in US, European and Asian markets yesterday after a grim outlook from the Federal Reserve and a rise in US COVID-19 cases as restrictions ease.

Source: Finance News Network

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