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Australian stock market falls more than 2% over coronavirus impact

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ASX 200 declines for seventh day and Australian dollar hits decade low of US64.69c after worldwide spike in cases over the weekend

The Australian stock market opened 2.2% down on Monday morning, marking the seventh straight trading day of losses as the coronavirus spreads.The decline means the ASX has now gone down over 10% in the last seven trading days.It came after a spike in coronavirus cases in Italy, Iran and South Korea over the weekend, and the first confirmed deaths from the virus in the United States and Australia.

 

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Ours has fallen more. Do your job.

Capitalist filth. Fcuk'em.

Damn stonks

I don’t see a rebound anytime soon.

Get ready for the rebound. 👍

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 /  🏆 84. in SE

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