
Australian Shares Fall Over 5% On Coronavirus Impact Fears, New Zealand Slips
Australian shares slipped more than 5 percent on Thursday, as a spike in coronavirus cases across the United States and China put a damper on sentiment.
Australia’s trade minister on Wednesday warned of a possible ban on international travelers till 2021.
In New Zealand, the gross domestic product fell 1.6% in the March quarter, the largest drop in 29 years, as coronavirus restrictions sapped economic activity.
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