Australian shares have risen slightly despite COVID-19 restrictions tightening in Victoria and NSW.
Key points:
The big banks have all risen, but travel stocks have been hit
Asian markets started the year strong but Japan's Nikkei fell on new COVID fears
Elections in the US on Wednesday will determine which party controls the Senate
The ASX 200 and All Ordinaries both rose 1.2 per cent by 1:45pm AEDT on Monday to 6,663 and 6,931 points, respectively.
But the rise is not expected to last as the number of cases of coronavirus linked to Sydney's Northern Beaches outbreak continues to grow.
Victoria recorded three new locally acquired cases of COVID-19 on Monday after testing sites filled up on the weekend, and residents of Greater Sydney now face $200 fines for not wearing a face masks in indoor venues.
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