The Australian share market is heading for a third straight day of heavy losses as investors begin to panic about the escalating coronavirus crisis.
The Australian share market is following global markets sharply lower, after Wall Street plunged for a second straight day. Share traders are increasingly concerned about the growing financial fallout of the coronavirus, COVID-19, as it spreads outside of China.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Reports of coronavirus vaccine leads to 'significant correction' to ASX plunge | Sky News AustraliaBusiness editor Ticky Fullerton says “the market is moving all the time and it has actually come back” following a significant ASX drop due to coronavirus fears. \n\nThe ASX dropped 4.33 per cent amid concerns the widening spread of the coronavirus would have a large impact on global economies however there was “quite a significant correction to that big jump” on Tuesday. \n\nMs Fullerton told Sky News “extraordinarily the markets here have reacted” after a “report” US drug company Moderna “shipped the first batch of rapidly developed coronavirus vaccine to US government researchers”.\n\nShe said there was an “overwhelming sense” in the market that the impact of the coronavirus was “really going to hurt”. \n\n“There is this genuine fear about the virus but extraordinary developments with Moderna,' she said. \n\nImage: AP
Read more »
ASX falls 2.25pc on opening, sheds $47.3bnAs expected the Australian stock market has fallen on the opening. The S&P/ASX 200 is currently down by 163 points to 6815, a decline of 2.35 per cent. Only four companies are green
Read more »
Global stock market rout continues, ASX set to sink for third-straight sessionConcerns about the spread of coronavirus and the impact on global economic growth see stocks tumble. The Australian share market eyes a steep fall at the open.
Read more »
ASX set to plunge as virus panic grips global marketsThe Australian sharemarket is set to dive again this morning as Wall Street and European markets tumbled with investors fleeing for safety.
Read more »
Aussie dollar hits fresh decade-low as ASX sheds $47.3bnThe S&P/ASX 200 has fallen 2 per cent as coronavirus fears hit the Australian market. LIVE UPDATES: COVID_19
Read more »
ASX tumbles as investors fear coronavirus spreadThe Australian share market tumbles in early trade, as concerns about the spread of the coronavirus outbreak rattle investors. BlueScope Steel says its China businesses will be heavily impacted.
Read more »