Coronavirus update: COVID-19 causes Australian stock market to fall as Scott Morrison calls for calm
4 years, 9 months ago

Coronavirus update: COVID-19 causes Australian stock market to fall as Scott Morrison calls for calm

ABC  

The Australian stock market has suffered its biggest one-day drop since the 1987 share market crash, as Prime Minister Scott Morrison calls for calm and travel bans to combat the COVID-19 pandemic come into effect. "If one boarder became ill then of course health has told us that boarding schools would be put in lockdown similar to the cruise ships." Prime Minister Scott Morrison has said Australians need to "help each other out" as the nation contends with the spread of coronavirus. British Heath Secretary Matt Hancock said people aged over 70 would be shielded from the virus by being forced to self-isolate for up to four months, with an announcement "in the coming weeks". Health authorities in Spain say deaths from COVID-19 have doubled in 24 hours — a day after the Government declared a state of emergency and took extraordinary measures to limit movement Germany has announced it will restrict border entries from neighbouring countries Austria is banning gatherings of more than five people Despite widespread restrictions in France, voters have gone to the polls for local elections In the Netherlands and Belgium, gyms and cinemas are closed as well as most shops — excluding those selling food and medicine Slovenia's public transport system has been closed and Scandinavian Airlines, SAS, has announced it is suspending most of its activities Iran sees largest single-day jump Iran has reported its biggest single day jump in fatalities, with another 113 deaths, bringing its death toll to more than 700 and there are fears the pandemic could overwhelm health facilities in the country.

History of this topic

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