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The Australian sharemarket slumped for the seventh consecutive session on Monday, in the process hitting its lowest levels in more than 9 months.

The Australian sharemarket has hit a 9.5-month low on Monday, slumping by around 13% from record highs hit just 1.5 weeks ago due to coronavirus fears and sluggish China data.

While the US sharemarket slumped by around 12% last week due to coronavirus fears, the Dow Jones bounced off its Friday lows following the Fed signalling a potential rate cut to support its economy.

The Australian sharemarket slumped by 3.25% on Friday, slipped for the sixth day and hit a six-month low in the process due to coronavirus fears.

The Australian sharemarket is slumping by as much as 3.3% on Friday due to continued coronavirus concerns. All sectors are losing ground with the ASX 200 declining by close to 10% this week alone.

A failed rally on Wall Street only ended in reaccelerated selling. Dow down -1190.

US sharemarkets remained volatile as investors digested news on COVID-19.

Local shares have extended its run of losses to a fifth session in a row with the ASX 200 down another 50 points or 0.75%. The good news was that selling was less severe than the previous three days.

The share market saw early gains on Thursday, showing a willingness to consolidate having shed around 6% in recent days. However, sellers took advantage of the early gains to push ASX 200 lower at lunch. Banks are the main weight on the Index at lunch with most of the big four down in the order of 1%.

US sharemarkets were volatile as investors digested news on COVID-19.

The Aussie sharemarket slumped by 2.3% on Wednesday, taking the losses this week to ~6%. In just three days almost all the market’s improvements this calendar year have been wiped out on coronavirus concerns.

The sell-off continues for local shares on Wednesday with the ASX 200 shedding another 140 points or 2 per cent to 6726 at lunch and making it the third successive session of losses over 100 points. Global markets are tumbling on concerns of the coronavirus spreading outside of China.

The US Centre for Disease Control warned Americans to prepare for the spread of the Coronavirus in the US.

Local shares remained under pressure on Tuesday as investors grapple with the economic impact of the coronavirus. One consolation was that the ASX 200 ended off session lows after US stock futures traded higher in after-hours trade.

The Australian sharemarket has added to yesterday’s declines as fears linked to the economic impact of the coronavirus escalate.

Global sharemarkets have fallen by up to 5.5% on fears about the spread of the coronavirus COVID-19 and its impact on global economic activity. US sharemarkets slumped on Monday in line with other global bourses with all 11 major S&P sectors lower.

The ASX 200 followed Asian Indices lower as investors focused on growth headwinds as a result of the Coronavirus.

Local shares are suffering the worst selloff so far in 2020 with the ASX 200 plunging 153 points or 2.1% to 6986 at lunch on Monday. The index is following a soft lead from Wall Street where the spread of the coronavirus outbreak outside of China is becoming a concern for investors. The outbreak has been a major cause of volatility for markets, just last Thursday the ASX 200 hit fresh all-time highs.

US sharemarkets fell on Friday – the fifth consecutive week that share indexes had settled lower on a Friday. Coronavirus concerns and softer US economic data weighed on indexes.

While the Australian sharemarket eased by 0.3% on Friday, the ASX 200 hit an all-time high just yesterday. Most sectors lost some ground today.

The ASX 200 down by 15pts or 0.2% to 7,149.1. Despite the losses, the local market is still up by around 7% this calendar year in spite of the coronavirus concerns.

Aussie dollar slumps as investors favour safe havens.

Investors were in a buoyant mood with the ASX 200 hitting fresh record highs. The index also managed a second successive record close. QAN shares took off despite the airline expecting to take hit of up to $150m due to the coronavirus.

Local shares rose this morning after Wall St hit record highs overnight on China stimulus hopes. Investors were also encouraged by the latest employment figures which revealed strong full time jobs growth.

US sharemarkets rose on Wednesday with the S&P 500 and the Nasdaq indexes hitting all-time highs on China stimulus hopes.

The Australian sharemarket rose by 0.4% on Wednesday, posting a record close in the process. Wesfarmers, Fortescue, Domino’s, Fletcher and Webjet all rose on their latest profit results.

The Aussie market has had a fairly muted start with losses for the Commonwealth Bank (CBA), which is trading ex-dividend, offsetting positive reactions for companies releasing profit results.

Here’s what you need to know for the day ahead.

The Aussie market fell for a second successive session despite gains for major banks and miners. BHP lifted on an increased first half profit and interim dividend. It wasn’t such a good day for other reporting results with losses for Coles (COL), Altium (ALU) and Cochlear (COH).

Local shares started the session in much the same way they ended a day earlier with sellers gaining the upper. In sector terms Technology names have led the declines, reflecting a 15% fall in Altium (ALU) shares.

The US sharemarket remained closed last night due to the Presidents’ Day holiday. While European stocks edged higher, the Aussie market is set for a flat start on Tuesday.

The ASX 200 managed to lift off the session lows to close 5 points or 0.07% lower at 7125 with financials the main drag. Communications & consumer discretionary stocks were the other weights on the top 200 index.

The Australian sharemarket is down by 0.31% on Monday, with losses from the big banks ending the ASX 200’s four-day winning streak.

The US sharemarket was quiet on Friday as investors squared positions ahead of a long weekend. While the Dow Jones eased by 0.1%, the broader S&P500 edged higher to near record highs despite coronavirus concerns.

The Australian sharemarket edged higher on Friday, lifting for a fourth session and finishing just shy of a fresh record high despite coronavirus worries.