The Australian stock market opened 2.2% down on Monday morning, marking the seventh straight trading day of losses as the coronavirus spreads.
The S&P/ASX200 index was 144.2 points down at the start of trade on Monday.
The decline means the ASX has now gone down over 10% in the last seven trading days.
The Australian dollar was at its lowest point in a decade on Monday morning, buying 64.69 US cents.
It came after a spike in coronavirus cases in Italy, Iran and South Korea over the weekend, and the first confirmed deaths from the virus in the United States and Australia.
Read more: https://www.theguardian.com/business/2020/mar/02/australian-stock-market-falls-more-than-2-over-coronavirus-impact
The S&P/ASX200 index was 144.2 points down at the start of trade on Monday.
The decline means the ASX has now gone down over 10% in the last seven trading days.
The Australian dollar was at its lowest point in a decade on Monday morning, buying 64.69 US cents.
It came after a spike in coronavirus cases in Italy, Iran and South Korea over the weekend, and the first confirmed deaths from the virus in the United States and Australia.
Read more: https://www.theguardian.com/business/2020/mar/02/australian-stock-market-falls-more-than-2-over-coronavirus-impact
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