With cases spiking sharply across Europe and emergency measures in place from California to Saudi Arabia, investors have sent shares tumbling. Follow all the developments live.
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In Sydney, Australia, Channel Nine is reporting that two Year 10 pupils at St Patrick’s Dundas in Sydney have tested positive for coronavirus.
We’ll have more on this shortly.
BREAKING: A boy and a girl in Year 10 at St Patrick’s Dundas have tested positive for Coronavirus. School working with NSW Health to figure out next steps. @9NewsAUS #CoronavirusOutbreak https://t.co/3IFpjKJpaI
Global financial markets face a torrid day on Monday after the virus continued to threaten to spark a worldwide recession.
Australia has kicked off the day’s trading and the benchmark ASX200 down by 4.2% on Monday morning. The Nikkei in Tokyo opens in less than an hour with futures trade pointing to a 4.5% fall.
Brent crude oil futures have also plummeted to just over $33 after the Saudi decision to pump more oil at the weekend.
This is proper March madness. S&P futures fall over 120 points early Monday in Asia. pic.twitter.com/cFpFXK95tl