The Australian share market has lost almost $140 billion in today’s trade so far, amid the economic fallout from the coronavirus and an oil price war.
At the same time, the Australian dollar briefly tumbled to just above 63 US cents — the lowest level since the global financial crisis — in what currency strategists have called a “flash crash”.
Read more here: https://www.abc.net.au/news/2020-03-09/$100b-wiped-off-asx-worst-opening-since-global-financial-crisis/12038162?section=business
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