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Stock impact report

Australia shares gain amid China virus fears [Reuters (UK)]

BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP) 
US:NYSE Investor Relations: bhp.com/investor-centre
Company Research Source: Reuters
Australia shares gain amid China virus fears - Reuters 3 Min Read * Material stocks hit 1-month low; IAG slumps on hailstorm claims * Rio Tinto, BHP on track for worst day in seven weeks By Shreya Mariam Job Jan 24 (Reuters) - Australian shares rose nearly half a percent on Friday on the back of financials, while trading was cautious as fears mounted about the coronavirus outbreak in China and its potential economic fallout. The World Health Organisation declared the virus that has killed 25 people in China and infected more than 800 “an emergency in China” but stopped short of declaring the epidemic of international concern. Being part of the Asia Pacific region, the Australian market is seen as defensive, said Jun Bei Liu, a portfolio manager at Tribeca Investment Partners. Being a little bit more isolated in terms of the virus outbreak and the potential economic disruption it could cause, capital inflows have increased, she added. The S&P/ASX 200 index rose 0.4%, or 25.30 points, t Show less Read more
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