COVID crashes travel stocks🛬

Resurgent COVID 'winter wave' fears thumped travel stocks, with Qantas and Flight Centre slumping to two-month lows. Aussie energy producers - Santos, Woodside, Oil Search and Beach Energy - had a rough start to the week as well. The energy complex closing down -1.6%. Elsewhere, banks are still struggling as investors re-assess the outlook in the wake of less than stellar updates from Westpac and Commonwealth Bank, with financials closing down -1.4%. Two bright spots were lithium and iron ore, the iron ore majors rare outperformers today after a tough few months. Usually, trading volumes ease as US thoughts turn to turkey, but the Fed Chair big reveal could keep eyes on screens for longer. Overall, the ASX200 closed down 43 points or -0.6%.

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