ASX plunges more than three per cent at open, enters sixth day of losses

The ASX 200 has opened down 3.3 per cent marking the sixth day of consecutive losses as it enters correction territory. A correction describes the period in which stocks fall more than 10 per cent from their previous highs. The ASX closed on 7,000 points last week but sat at almost 6,400 points on Friday morning - a 10.3 per cent drop. Investors are panicked over the coronavirus and the impact it’s had on global markets. Overnight the Dow Jones in the US dropped 4.4 per cent - its biggest one day fall in history - with the S&P falling at a similar figure. The US' Nasdaq fell 4.6 per cent. Image: Getty

from National | Daily Telegraph https://ift.tt/2uBUCfP