ASX opens slightly lower, with healthcare, oil stocks in the red

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The local share market has had a volatile morning, opening slightly lower after Wall Street partially rebounded on Friday from big falls as investors worried about a second wave of coronavirus infections.

The market's early falls came despite plans by the Federal Government to boost infrastructure projectsBut survey respondents said some changes were positive and they were reluctant to "go back to normal"

Prime Minister Scott Morrison said Australia was headed for a record deficit this financial year, and next year, because of coronavirus. Private hospital firm Healius surged 12.7 per cent after it announced plans to sell its primary care business to private equity firm, BGH, for $500 million.The Australian dollar is down 0.5 per cent to 68.29 US cents.A National Australia Bank survey of 2000 people about coronavirus found that almost one in six Australians said the impact of the pandemic on the economy was their biggest concern, aside from health.

The National Australia Bank surveyed 2000 people to find out their chief concerns about the coronavirus.

 

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