You are here

Australia: Shares fall most in over 11 years on virus fears, oil price crash

AB_asx_090320.jpg
Australian shares were hammered on Monday as investors scurried for safe havens on mounting fears of a deeper economic fallout from the rapidly spreading coronavirus outbreak, and oil prices dived more than 20 per cent.

[BENGALURU] Australian shares were hammered on Monday as investors scurried for safe havens on mounting fears of a deeper economic fallout from the rapidly spreading coronavirus outbreak, and oil prices dived more than 20 per cent.

The S&P/ASX 200 index fell 5.6 per cent in its...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes