Australian Dollar Tumbles To Fresh Decade Low As Coronavirus Fears Stifles Exports To China

Australian shares were below the 7000 points level at noon as continuing global concerns about the coronavirus outbreak caused falls in most sectors.

The S&P/ASX200 was down 0.48 per cent at 6988.8 at noon as mining and energy stocks weighed the benchmark index down.

The broader All Ordinaries index fell 0.54 per cent to 7083.1.

There were falls in most sectors, with only property trusts, telcos and consumer discretionary stocks marginally higher at noon.

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