Market takes a dive after Trump tests positive

Australia’s S&P/ASX 200 share index fell by 81.4 points, down 1.4% after it was announced in a tweet that POTUS Donald Trump tested positive for Covid-19. While the market initially was off to a good start, the market took a nose dive towards the end of day trading with panic among investors.

BHP was one of the worst affected, closing down 3.22% for the day while oil stocks also took a hit with Woodside Petroleum down 4.27%.

Popular biotech Mesoblast Ltd (MSB) finished the day down a devastating 37.20% after it was released FDA required further testing for approval.

Gainers and Losers

Some of the biggest gainers on Friday were:

  • JHG +9.44%
  • OTW +9.15%
  • TWD +7.97%
  • SKO +7.19%
  • MEZ +5.91%

The biggest declines were:

  • MSB -37.2%
  • ASM -13.04%
  • PAR -6.99%
  • ADT -6.38%
  • OZL -6.30%
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This article does not take into account the investment objectives, financial situation or needs of a particular person or entity. Before acting on any investment strategy or advice you should first consult with your current ASIC accredited investment professional or seek out a compliant investment professional for such.