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Stock impact report

Australian shares fall 3% as WHO declares coronavirus a pandemic [Reuters]

BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP) 
US:NYSE Investor Relations: bhp.com/investor-centre
Company Research Source: Reuters
Australian shares fall 3% as WHO declares coronavirus a pandemic * WHO declares coronavirus outbreak pandemic * Australia announces $11.4 bln stimulus package * New Zealand benchmark drops 2.5% By Pranav A K March 12 (Reuters) - Australian shares fell nearly 3% on Thursday, following Wall Street as worries mounted over the economic impact of the coronavirus outbreak after world health officials declared the novel flu-like virus a pandemic. Investors now await an address by U.S. President Donald Trump, scheduled for 0100 GMT, who had downplayed the risks from coronavirus, but said he would address economics and healthcare in his comments. The S&P/ASX 200 index declined 2.9%, or 164.7 points, to 5,561.2 by 0027 GMT after Wednesday’s more than 3.5% drop. It has lost 22.8% since scaling a record high on Feb. 20. On Wednesday, the World Health Organization declared the virus as a pandemic for the first time, adding that Italy and Iran were now on the frontline of the disease and other coun Show less Read more
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