In Australia, travel agencies and airlines are among Australian stocks smashed by Donald Trump’s decision to close US borders to travel from
Europe.
Flight Centre stock tumbled almost 18% by 1.30pm on Thursday afternoon while online rival Webjet was down 14.6%. Shares in Australia’s flag carrier, Qantas, were down 10.4%.
All three stocks have been consistently sold down since the market first began its coronavirus slide on 21 February.
Coronavirus live updates: US suspends all travel from Europe for 30 days, excluding UK
I feel very sorry for the thousands of airline employees who are having to take unpaid leave or are being made redundant.