Stocks, Australian dollar plunge as investors take 'reality check'ShareThe Australian share market has closed in the red for a second day, but off the lows of the session as US stock market futures moved higher.The ASX 200 lost 1.9 per cent to finish at 5,847 points, after clawing back some of its early falls of more than 3 per cent.The Australian dollar was savagely sold off overnight but regained some ground to around 68.6 US cents by 4:45pm AEST.The losses follow a period of optimism on markets, with the ASX 200 up by around 28 per cent from its low in late March, with even bigger gains...…Stocks, Australian dollar plunge as investors take 'reality check'ShareThe Australian share market has closed in the red for a second day, but off the lows of the session as US stock market futures moved higher.The ASX 200 lost 1.9 per cent to finish at 5,847 points, after clawing back some of its early falls of more than 3 per cent.The Australian dollar was savagely sold off overnight but regained some ground to around 68.6 US cents by 4:45pm AEST.The losses follow a period of optimism on markets, with the ASX 200 up by around 28 per cent from its low in late March, with even bigger gains...WW…

About $130 billion wiped off Australian shares post Donald Trump's European coronavirus travel banShareAbout $130 billion has been wiped off the value of Australian shares after US President Donald Trump announced a temporary ban on travellers from Europe and the World Health Organisation declared the coronavirus a pandemic.The ASX 200 index fell nearly 8 per cent at its low point — the worst one-day fall since the collapse of US investment bank Lehman Brothers triggered losses in October 2008.It closed down 7.4 per cent, or 421 points, to 5,305, with consumer stocks, oil stocks, banks and...…About $130 billion wiped off Australian shares post Donald Trump's European coronavirus travel banShareAbout $130 billion has been wiped off the value of Australian shares after US President Donald Trump announced a temporary ban on travellers from Europe and the World Health Organisation declared the coronavirus a pandemic.The ASX 200 index fell nearly 8 per cent at its low point — the worst one-day fall since the collapse of US investment bank Lehman Brothers triggered losses in October 2008.It closed down 7.4 per cent, or 421 points, to 5,305, with consumer stocks, oil stocks, banks and...WW…

BHP confirms Chinese customers have cancelled orders for Australian coalShareBHP has confirmed that Chinese customers have asked for deferrals of their coal orders amid reports that China has stopped taking shipments of Australian coal.The company's chairman Ken MacKenzie told reporters after BHP's annual general meeting (AGM) that some coal exports had been stalled."We understand there may be some new developments relating to how China plans and moderates imports versus its own domestic coal production," he said."Our commercial team has recently received deferment requests from some of our...…BHP confirms Chinese customers have cancelled orders for Australian coalShareBHP has confirmed that Chinese customers have asked for deferrals of their coal orders amid reports that China has stopped taking shipments of Australian coal.The company's chairman Ken MacKenzie told reporters after BHP's annual general meeting (AGM) that some coal exports had been stalled."We understand there may be some new developments relating to how China plans and moderates imports versus its own domestic coal production," he said."Our commercial team has recently received deferment requests from some of our...WW…