Business
ASX set to tumble amid global virus selloff; ANZ profit down 42% – The Sydney Morning Herald
The ASX is set for steep early losses on Thursday after US and European markets fell on concerns the worsening pandemic will intensify the economic blow.
The selling was widespread, and roughly 95 per cent of stocks in the S&P 500 were lower.
Markets were dropping even more sharply in Europe, where investors expect the French President to announce tough measures to slow the virus’ spread and German officials agreed to impose a four-week partial lockdown.
The measures may not be as stringent as the shutdown orders that swept the world early this year, but the worry is they could still hit the already weakened global economy.
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