Aussie stock market sheds $50 billion as investors spook on coronavirus fears

Investors are worried about the coronavirus outbreak – not because they are moral pundits wishing for world health – but because a disease pandemic means trade is restricted.Australia is currently one of the biggest exporters of iron ore and coal to China. It's estimated just shipping iron ore to China is worth $120 billion a year to Australian businesses.

World Health Organisation chief Tedros Adhanom Ghebreyesus said the spread was deeply concerning but it was not yet a pandemic. "Does this virus have pandemic potential? Absolutely, it has. Are we there yet? From our assessment, not yet", he said on Monday.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Aussie dollar hits 11-year low as market drops $50 billionInvestors have been spooked by warnings that the coronavirus will restrict trade on Australian commodities like iron ore. I guess that will be good for our exports? Wow, that will stimulate economy as well as pathetically low interest rates... not Gold is up
Fuente: 9NewsAUS - 🏆 10. / 72 Leer más »

Aussie dollar hits 11-year low as market drops $50 billionInvestors have been spooked by warnings that the coronavirus will restrict trade on Australian commodities like iron ore. I guess that will be good for our exports? Wow, that will stimulate economy as well as pathetically low interest rates... not Gold is up
Fuente: 9NewsAUS - 🏆 10. / 72 Leer más »

Sea of red: Australian stocks plunge againAustralian stocks have plunged more than two per cent at the open after fears about a coronavirus pandemic sparked a major sell-off on global markets Not to worry, trumps tweets will save us.
Fuente: smh - 🏆 6. / 80 Leer más »