The Australian stock market is collapsing following an American warning that the coronavirus will become a pandemic
ASX will take a dive today, as Wall Street collapses after health officials warn that coronavirus outbreak will be a pandemic
- American Centers for Disease Control and Prevention have issued a warning for coronavirus
- Deputy Director Anne Schuchat said that reporters virus “would cause a pandemic”
- This caused Wall Street jitters with major stock market indices to fall by 3 percent
The Australian stock market will take another dive today after a US health official warned that the corona virus was likely to be worse than previously feared.
Wall Street disappeared after the Centers for Disease Control and Prevention warned that the respiratory diseases that originated in China would become a global problem.
“Current global conditions suggest that it is likely that this virus will cause a pandemic,” said Dr. Deputy Chief. Anne Schuchat to reporters.
This prediction caused US stocks to dive, with the Dow Jones Industrial Average and the S & P500 both diving 3 percent.
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The Australian stock market will take another dive today after a US health official warned that the corona virus was likely to be worse than previously feared. Depicted is the Australian Securities Exchange in Sydney
Wall Street popped up after the Centers for Disease Control and Prevention’s Dr. Anne Schuchat (photo) warned that the respiratory disease that originated in China would become a global problem
Subsequently, the Australian SPI200 Futures contract, indicative of the local stock market, was 2.3 percent weaker on Wednesday morning – a dive from 160 points to 6664 points.
CommSec market analyst James Tao said the US coronavirus warning would probably cause another day of declines in the Australian stock market.
“Certainly a lot of negative sentiment right now,” he told Daily Mail Australia on Wednesday.
“Much of this is related to the fact that the coronavirus outbreak does indeed look like a species that is spreading faster outside of China.
“This looks like it could be in the longer term than was originally estimated.”
CommSec market analyst James Tao said the US coronavirus warning would probably cause another day of declines in the Australian stock market. Shown are people wearing masks in Tokyo after a series of infections in Japan
A poor performance on the Australian Securities Exchange would mark the fourth consecutive day of losses – after reaching a record high on Thursday.
The S & P / ASX200 benchmark fell by 1.8 percent or 126.7 points to 6,851.6 points on Tuesday.
This saw $ 33 billion wane at the end, after the market had plummeted $ 53 billion during the morning trading.
Treasurer Josh Frydenberg predicted Tuesday that the corona virus would hit the Australian economy because the contamination attacked China, Australia’s largest trading partner, financially.
“The message is very clear, the impact will be greater than the forest fires, and it is taking place more broadly in the Australian economy,” he told reporters Tuesday.
University of Queensland professor of economics John Quiggin estimated last month forest fires in Australia the economy $ 100 billion.
Wall Street disappeared after the Centers for Disease Control and Prevention warned that the respiratory diseases that originated in China would become a global problem. Pictured are paramedics in Hong Kong
That was before China announced the first cases of coronavirus in the city of Wuhan.
Coronavirus, also known as COVID-19, has infected 80,000 worldwide since it originated in December in an animal market in Wuhan.
This includes 24 people now in Australia.
Then there are another 47 Australians who are among the 219 confirmed coronavirus cases contracted aboard the Diamond Princess cruise ship in Yokohama in Japan.
Coronavirus has killed more than 2,600 people worldwide and can cause serious lung damage and multiple organ failure, especially in the elderly or vulnerable.
AUSTRALIA WITH THE CORONAVIRUS
NEW SOUTH WALES: 4
- Three men, 43, 53 and 35 years old who had recently traveled to China, have confirmed that they have contracted the disease.
- Two flew in from Wuhan, while the other arrived in Sydney from Shenzhen, South China.
- They were treated isolated at Westmead Hospital
- A 21-year-old woman is identified as the fourth person who tested positive for the disease in NSW.
- The woman, a student at UNSW, flew on flight MU749 to Sydney International Airport on January 23 and presented 24 hours later to the emergency department after developing flu-like symptoms.
- A Chinese citizen aged fifty will be the first confirmed case of the corona virus in Australia.
- The man flew from Wuhan via Guangzhou to Melbourne on January 19 on the Southern Southern flight CZ321.
- He was quarantined at the Monash Hospital in Clayton in the east of Melbourne.
- A Victorian man in his sixties is diagnosed with the corona virus.
- He became unwell on January 23 – two days after his return from the Chinese city of Wuhan, the epicenter of the outbreak.
- The man was confirmed as positive on January 29 and was subsequently seen by doctors at the Monash Medical Center.
- A woman in her forties has a corona virus.
- She was visiting from China and mainly spent time with her family.
- She is being treated at the Royal Melbourne Hospital.
- A woman in her twenties in Melbourne appears to have the virus
- Two passengers left positively from the Diamond Princess cruise ship test
QUEEN COUNTRY: 8
- Queensland confirms its first case after the virus was diagnosed with a 44-year-old Chinese national. He is being treated at the Gold Coast University Hospital.
- A 42-year-old Chinese woman who traveled in the same Wuhan travel group as the 44-year-old man tested positive. She is in stable condition at the Gold Coast University Hospital.
- The corona virus has been diagnosed in an eight-year-old boy. He also comes from the travel group where the other Queensland cases came from
- The case was found in a 37-year-old man who was a member of a group of nine Chinese tourists in quarantine on the Gold Coast
- A 37-year-old woman was diagnosed with the corona virus of the same travel group that flew from Melbourne to Queensland on January 27
- Two Queensland women, 54 and 55 years old, tested positive for COVID-19 and are flown to Brisbane for further treatment.
- A 57-year-old woman from Queensland also tests positive for the virus
SOUTH AUSTRALIA: 3
- A Chinese couple in their 60s who arrived in Adelaide from Wuhan to visit relatives have been confirmed to have a corona virus.
- A 24-year-old woman from South Australia has been transferred to Royal Adelaide Hospital
WESTERN AUSTRALIA: 1
- A 78-year-old man from Western Australia was transferred to Sir Charles Gairdner Hospital in Perth
- From 15 February, 47 Australians will belong to 219 confirmed cases of the corona virus contracted aboard the Diamond Princess cruise ship in Yokohama.
- Two more Australians on board tested positive after being evacuated to Darwin on February 22