With cases spiking sharply across Europe and emergency measures in place from California to Saudi Arabia, investors have sent shares tumbling. Follow all the developments live.
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The ASX200 is in freefall this morning, losing 5.5% with energy stocks bearing the brunt of the selling.
Santos shares have fallen 23% in response to the shock decision over the weekend and Woodside Petroleum is down 18%. The energy sector as a whole is off 20%.
https://twitter.com/GrogsGamut/status/1236800247705341952
Cripes, Santos shares down 23%
Biggest one-day drop in Brent since 1991 https://t.co/spsylvgyzl
Monday should be interesting pic.twitter.com/JSFcjRkJ3V
The Australia Securities Exchange (ASX) is now down 5.5%, wiping more than AU$140bn off the Australian share market.
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