The Australian share market is down again to start the week, but the falls are much more moderate than Friday's $62 billion rout.
The Australian share market has fallen in early trade after Wall Street extended its sell off on Friday.US markets fell on Friday, with the tech-heavy Nasdaq's 1.3 per cent drop again leading the declines
Biotech firm, Mesoblast, which is trying to develop a COVID-19 treatment, lost 4.4 per cent to $4.73.Virgin Money rose 4.7 per cent and iron ore miner Fortescue Metals put on 2.5 per cent.US stocks came off their session lows but the major indices continued their sell-off on Friday, following on from Thursday's rout, as investors took flight on worries about overheated technology stocks.
Although August non-farm payrolls rose by 1.37 million, which was less than expected as government stimulus began running out.
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