The Australian share market has plunged by nearly 8 percent and the Australian dollar dipped again to around 64.62 US cents. At 1:30pm local time, the benchmark ASX 200 index was down 7.6 percent, or 434 points, to 5,292, ABC News reports. More than A$100 billion has been wiped from the value of shares today.

Source: The Standard March 12, 2020 02:54 UTC