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Bank shares smashed as ASX tumbles in early trade
Local shares open sharply lower, undermined by big falls in banking stocks.
- by David Scutt
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8@eight
8@eight: ASX to slump after Wall Street deepens losses on virus fears
What happened overnight and what is ahead for the Australian sharemarket.
- by Kyle Rodda
Wall Street
Dow sinks 1,000 points as spreading virus alarms Wall Street
Wall Street's losses deepened and the Dow Jones Industrials shed 1,000 points in afternoon trading on Thursday as the death toll from coronavirus in the United States rose to 11 and travel related stocks took a severe beating.
- by Medha Singh and Sanjana Shivdas
Investing
Lingering coronavirus fears limit ASX gains
Australian shares racked up unconvincing gains despite the mammoth rally on Wall Street.
- by David Scutt
Wall Street
Betting on a downturn, short sellers made over $75b in coronavirus sell-off
Traders betting on falling share prices made a motza in the virus-induced carnage on Wall Street over the past few sessions.
- by Kristine Owram
Investing
ASX trims gains as banks come under pressure
Australian shares stage unconvincing rebound as coronavirus fears linger.
- by David Scutt
Sponsored
8@eight
8@eight: ASX to jump as Wall Street surges higher
What happened overnight and what is ahead for the Australian sharemarket.
- by Kyle Rodda
Coronavirus outbreak
Wall Street roars back to life as wild ride continues
Wall Street's wild, virus-fuelled swings have extended into a third week, setting up the Australian sharemarket for strong gains this morning.
- by Alex Veiga
White collar crime
Former financial adviser pleads guilty to cooking IPO spreads
Former financial adviser Mark Kawecki has pleaded guilty to two counts of attempting to cook the spreads on four ASX floats.
- by Sarah Danckert
Investing
ASX sinks to six-month low on fears of bank weakness
Retail bank shares were sold off on Wednesday amid fears this week's rate cuts will lower the profits and dividend payouts of the major lenders.
- by Lucy Battersby and David Scutt
Interest rates
Costello warns against relying on rate cuts to spur economy
Former treasurer Peter Costello says it is easy to rely on monetary policy to stimulate the economy but its impact is waning.
- by Charlotte Grieve