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Australia, NZ shares drop as virus spread beyond China rattles sentiment

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Australian shares posted broad-based declines on Monday as a spike in fresh coronavirus cases outside China deepened concerns surrounding the epidemic's impact on global economy.

[BENGALURU] Australian shares posted broad-based declines on Monday as a spike in fresh coronavirus cases outside China deepened concerns surrounding the epidemic's impact on global economy.

The S&P/ASX 200 index was down 2 per cent, or 143.4 points, at 6,995.60, as of 0041 GMT,...

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