Virus fears weaken ASX, investors flock to gold | Sky News Australia

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Virus fears weaken ASX, investors flock to gold | Sky News Australia
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Australian shares have sunk to a two week low weighed down by fears the spreading coronavirus outbreak will dampen the global economy.

The ASX 200 fell 2.3 per cent to 6,969.

70 on Monday afternoon with energy, industrial and finance leading the losses. Gold has surged 1.2 per cent as nervous investors flock to the popular safe haven asset. Image: AP

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