Coronavirus fears grip markets

Tue, 25 Feb 2020

Local markets are likely to track a steep fall in US markets as investors were unnerved by the rising number of coronavirus cases outside China.ASX futures were down 164 points at 6,765 after markets fell in Europe and the US. At 8am in Wellington the S&P 500 was down 3.3 percent, the Dow Jones Industrial Average was down 3.4 percent and the Nasdaq was down 3.7 percent. Overnight the German Dax ended down 4 percent.According to CNBC, a World Health Organisation-led team of scientists that just returned from China found that the...

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