The S&P/ASX 200 Index (ASX: XJO) has crashed another 7% at the time of writing as investors continue to rapidly sell off shares.
Investors are panicking about what this coronavirus outbreak means for countries and economies.
The entire ASX 200 seems to be down as investors seem to be exiting at whatever price they can get.
Some of the worst falls belong to:
The Sydney Airport Holdings Pty Ltd (ASX: SYD) share price is down 16%.
The Unibail-Rodamco-Westfield (ASX: URW) share price is down 15%.
The Challenger Ltd (ASX: CGF) share price is down 13%.
The Flight Centre Travel Group Ltd (ASX: FLT) share price is down 11%.
These numbers may have changed by the time you read this, but that's what they are at the time of writing.
Countries around the world are closing schools and universities. Lockdowns are expanding, events are getting cancelled and so on. The Australian Formula 1 is the latest casualty in the list of sporting events that have been cancelled.
Investors will be picking through the carnage to see if there are any opportunities. That's what I'm trying to do.
Who knows what will have happened by the end of the day? At the start of the day a number of brokers were struggling to process orders, though this appears to coming back up and running.
Overnight the S&P 500 (INX) dropped by 9.5%, marking it one of the worst days ever in US share market history.
