Australia, New Zealand: Shares set for first weekly drop of this year on virus fears

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Australia, NewZealand: Shares set for first weekly drop of this year on virus fears

"Anything that effects the growth engine of the world is going to have a material impact on the world," Mr Rooney added.

Most other sectors like travel and tourism were in positive territory after declining sharply earlier this week. Investors will also be eyeing the upcoming corporate earnings season which will start in mid-February.

 

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