26 Jan Australian shares set to drop on virus fears
Australian shares are set for a sharp
drop at the open on Tuesday as growing fears surrounding the
economic impact of the coronavirus jolted global markets.
Lower oil and metal prices are expected to drag energy and
mining stocks.
The local share price index futures fell 1.2%, a
174.5-point discount to the underlying S&P/ASX 200 index
close. The benchmark was little changed on Friday, and was
closed on Monday for a public
drop at the open on Tuesday as growing fears surrounding the
economic impact of the coronavirus jolted global markets.
Lower oil and metal prices are expected to drag energy and
mining stocks.
The local share price index futures fell 1.2%, a
174.5-point discount to the underlying S&P/ASX 200 index
close. The benchmark was little changed on Friday, and was
closed on Monday for a public
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