SYDNEY, AAP – A spate of buying in the latter part of the trading day has helped investors recoup almost all their early coronavirus-inflicted losses.
The Australian share market closed little changed after being down as much as 0.9 per cent after the first two hours.
Newly declared lockdowns for parts of Queensland and Western Australia prompted ASX companies to confirm venues and shops in those areas were closed to customers.
However the market revival helped information technology shares top the bunch and close higher by 0.65 per cent.
The benchmark S&P/ASX200 index closed lower by 6.1 points, or 0.08 per cent, to 7301.2 on Tuesday.
The All Ordinaries closed down by seven points, or 0.09 per cent, to 7565.5.
The Australian dollar was buying 75.63 US cents at 1623 AEST, lower from 75.90 US cents at Monday’s close.