State of the Australian stock market: S&P/ASX 200 closed up 12.50 points.

The S&P/ASX 200 index, the Australian stock market closed lower today. Because investors are selling mining stocks. After reports that China has ordered a lockdown in many areas in Beijing. After finding an infected person with COVID-19 continued progress

The S&P/ASX 200 Index closed at 7,139.30 points, down 12.50 points, -0.17%, and the All Common Index closed at 7,335.10 points, down 19.60 points or -0.27%.

Beijing municipality, the capital of China ordered to lock down many areas after there were signs that the situation of the epidemic of COVID-19 in Beijing deteriorated Beijing reported two more deaths from COVID-19 on Sunday, November 20, and reported 951 new infections , its highest daily tally since February 1, 2021

The report says that Beijing has ordered schools in Chaoyang, Haidian, Dongcheng and Xicheng districts to suspend school classes and switch to online classes. and ordered people in these areas to stay at home

The news pushed mining stocks down 1.7 per cent, particularly iron ore exporters to China, while BHP Group fell 2.3 per cent and Fortescue Metals fell 3.8% and Rio Tinto shares fell 2.3%.

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