$136 billion wiped off Aust stock exchange this week

The Australian share market has continued its downward slide on Thursday, as investors remain cautious as the coronavirus cases outside of China continue to rise. Sky News Business Reporter Edward Boyd said it was clear the spread of the virus was still "front of mind for a lot of Aussie investors". Mr Boyd said "global markets have started to stabilise a bit, so hopefully that'll come through to Australia soon". "The first three days of this week were a shocker for Australian shares," he said. "Our market lost six per cent in value, that's $136 billion wiped off the stock exchange. "The longer this virus goes on, the more of an effect it is going to have on Australian business." Image: Getty Via news.com.au — Australia’s #1 news site https://www.news.com.au