Australian shares plunge three per cent

Australian shares have plunged more than three per cent after another rout on most global markets.

The S&P/ASX200 index was down 203.3 points, or 3.05 per cent, at 6,454.6 at 1010 AEDT on Friday with all sectors in the red.

The broader All Ordinaries index fell 209.6 points, or 3.11 per cent, to 6,527.8 points.

The local market has extended losses to 10 per cent since peaking last week. 

Global equity markets and oil prices continued to dive overnight as the growth in coronavirus cases outside China jumped significantly on Thursday.

The Aussie dollar was buying 65.79 US cents at 1010 AEDT, up from 65.50 US cents at the market close on Thursday.

Be the first to comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.