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Sunday, 8 March 2020

Coronavirus live updates: stock markets plunge on global recession fears

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.

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.

Continue reading...

from World news | The Guardian https://ift.tt/2IsDXyE

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