Posted by on March 1, 2020 6:40 pm
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Categories: News µ Newsjones

Australia’s stock exchange falls 2% on opening as investors flee on fears of coronavirus spread. Follow live news

11.38pm GMT

In Australian the stock market opened down 2.2% on Monday morning, marking the seventh straight trading day of losses as the coronavirus spreads.

The S&P/ASX200 index was down 144.2 points at the start of trade on Monday.

The decline means the ASX has now gone down over 10% in the last seven trading days.

Among the biggest drops at the opening of trade were Bega down 10%, and Fortescue down 9.92%.

11.35pm GMT

Hello and welcome to our live coverage of the coronavirus outbreak. Before we kick off, here’s a summary of the top points so far.

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