Home > Industry > Coronavirus > BREAKING NEWS: The Australian Share Market Plunges More Than 2%

BREAKING NEWS: The Australian Share Market Plunges More Than 2%

The Australian share market has dropped 2.3 per cent in early trade, as steep falls hit around the world overnight amid coronavirus concerns.

Wall Street’s Dow Jones index posted its worst session in two years after dropping more than 3.5 per cent.

But it’s still an improvement for Australian stocks that are building back from a steep fall yesterday, when they lost more than $50 billion in value.

(AAP Image/Bianca De Marchi)

It comes as technology, industrials, health care, energy, communications and consumer financials sectors are underperforming.

CLS is down 2.5 per cent, Macquarie has dropped 2.8 per cent and Woodside is down 3 per cent, with the major banks dropping about 2 per cent.

You may also like
ASX Queries Actions Of LIFX Company Again
$101M JobKeeper For ASX-Listed Media, Companies
BREAKING: NSW Retail To Reopen When 70% Of Adults Vaxxed
Online Sales Skyrocket As Aussies Stay Locked Down
NSW Retail Plunges 8.9% As Oz Sings The Delta Blues