Australian shares fall as investors worry over stimulus [Reuters]
BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP)
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Source: Reuters
Australian shares fall as investors worry over stimulus * Markets await proposed stimulus measures * Financials weigh on ASX benchmark * NZ benchmark gain about 0.5% By Pranav A K March 11 (Reuters) - Australian shares dropped nearly 2% on Wednesday as investors worried that the impending stimulus measures would not be adequate to lift its economy hit by the coronavirus, while doubts about the U.S. stimulus package also dented sentiment. The S&P/ASX 200 index fell about 1.6%, or 95.9 points to 5,843.70 by 0047 GMT. The benchmark rebounded 3.1% on Tuesday following its biggest daily drop since the global financial crisis, at the start of the week. On Tuesday, Australian Prime Minister Scott Morrison said the government would soon announce measures to prop up the economy. The Australian newspaper pegged the package to be worth about A$10 billion ($6.49 billion) The country on Wednesday unveiled a health package worth A$2.40 billion that proposed to set up fever clinics and offer cost-fr
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- 11/18/24 - Form 6-K
- BHP's page on the SEC website