ASX to drop from record high as investors cash out amid China virus outbreak

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Australian shares are expected to drop from their record highs as investors lock in recent gains amid concerns of China's deadly virus outbreak spreading beyond its borders.

This was despite a positive lead from Wall Street, which traded at their highest levels ever — but has since pulled back in the final hour of trade.

On the flipside, video streaming giant Netflix warned investors of tougher conditions in the months ahead and its share price plunged by 3.9 per cent.The benchmark S&P 500 and tech-heavy Nasdaq rose modestly, by 0.1 and 0.2 per cent respectively.

 

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I thought it was if America sneezed the world caught cold now it seems china has that honor 😀

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