ASX 200 opens higher despite COVID-19 cases growing in NSW and Victoria

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 Australian shares have closed higher slightly despite the continued spread of COVID-19 in NSW and Victoria.

Key points:

The big banks all rose during Monday's trade, but travel stocks were hit

Elections in the US on Wednesday will determine which party controls the Senate

Link Administrative Holdings tanked more than 13 per cent after a takeover bid failed

The ASX 200 and All Ordinaries both closed 1.4 per cent higher on Monday to 6,684 and 6,953 points, respectively.

The rise was unexpected after the number of cases of coronavirus linked to Sydney's northern beaches outbreak continued to grow and Victoria implemented border restrictions with NSW late last week. 

https://www.abc.net.au/news/2021-01-04/asx200-stockmarket-shares-up-for-first-day-of-trading-in-2021/13029314



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