March 13, 2020 10:20:19
The ASX has fallen more than 6 per cent on opening after global markets tumbled again overnight as President Donald Trump’s ban on European travellers rattled investors.
The Australian market was down 6.88 per cent in the first 10 minutes of trade.
ASX futures were indicating an opening loss of 7.2 per cent or 382 points at 8:50am.
It comes after the Dow Jones fell 2,353 points (or 10 per cent) to 21,201 overnight, making it the worst single-day drop since the Black Monday crash in October 1987.
The Australian dollar had plunged by 4 per cent, down to 62.3 US cents its lowest value in 17 years.
It has since lifted slightly to 63 US cents.
More to come.
March 13, 2020 10:15:00