Australia's stock market takes fresh dive as coronavirus cases rise to 122

Concerns about the coronavirus and the capacity of governments, particularly the Trump administration, to deliver timely stimulus have triggered a fresh dive on the Australian stock market amid renewed speculation the economy is heading into recession.

Australia’s confirmed coronavirus cases rose to 122 on Wednesday, with 10 new cases reported by state health officials across the country. With infections growing, and Australia still attempting to contain community transmissions, the Morrison government also extended the travel ban to Italy, effective from 6pm. Travel bans are already in place for travellers from China, Iran and South Korea.

Read more: https://www.theguardian.com/world/2020/mar/11/australias-stock-market-takes-fresh-dive-as-coronavirus-cases-rise-to-122