Australian shares poised to open lower as WHO terms COVID-19 a pandemic
Australian shares are set to open
sharply lower on Thursday, after the World Health Organization
declared the coronavirus outbreak a pandemic, exacerbating
concerns of a global economic slowdown.
The local share price index futures fell about
3.5%, a 197.9-point discount to the underlying S&P/ASX 200 index
close.
The benchmark dropped over 3.5% on Wednesday, slipping back
into bear territory.
New Zealand’s benchmark S&P/NZX 50 index
sharply lower on Thursday, after the World Health Organization
declared the coronavirus outbreak a pandemic, exacerbating
concerns of a global economic slowdown.
The local share price index futures fell about
3.5%, a 197.9-point discount to the underlying S&P/ASX 200 index
close.
The benchmark dropped over 3.5% on Wednesday, slipping back
into bear territory.
New Zealand’s benchmark S&P/NZX 50 index
Posted by Reuters
