The ASX 200 opened 364pts or 6.9 percent lower at 4,940. Australian shares have plunged after a rout on Wall Street and Europe. The benchmark ASX 200 index fell by 7.7 percent to 4,898 by 11:35am local time in a volatile session. Every local sector is seeing heavy losses, with financials (-6.6pc) and industrials (-8.1pc) being the worst performers. Only four stocks (out of 200) in the benchmark index are trading higher, including Fortescue Metals (+6.3pc) and Woolworths (+0.7pc).

Source: The Standard March 13, 2020 02:03 UTC