Australia shares fall most in over 11 years on virus fears, oil price crash [Reuters (UK)]
BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP)
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Source: Reuters
Australia shares fall most in over 11 years on virus fears, oil price crash - Reuters 3 Min Read * Benchmark stock index falls most since November 2008 * Energy stocks plunge by record 19% in intraday trade * Top miner BHP loses more than 13% * New Zealand benchmark down 2.7% By Aby Jose Koilparambil March 9 (Reuters) - Australian shares were hammered on Monday as investors scurried for safe havens on mounting fears of a deeper economic fallout from the rapidly spreading coronavirus outbreak, and oil prices dived more than 20%. The S&P/ASX 200 index fell 5.6% in its biggest intraday drop since Nov. 13, 2008 and was down 338.50 points, or 5.5%, by 0103 GMT. It declined 2.8% on Friday. “There is no handbrake at the moment. It is complete capitulation,” said James McGlew, executive director of corporate stockbroking at Argonaut. “More than the rising (coronavirus) cases domestically, Australia is hit due to the economic uncertainty surrounding its top trade partner China and you throw in
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- BHP's page on the SEC website