Australian share market dips again as Donald Trump remains coy about coronavirus stimulus package
The US President wants to introduce more measures, including payroll tax cuts, to counter the economic damage from coronavirus, but growing scepticism over the plans saw Asian shares and Wall Street futures fall today.
Scott Morrison's Government is also expected to announce a financial boost worth billions of dollars on Thursday to help offset the economic impact of the virus.
The Australian share market rose briefly on the open but fell steadily in afternoon trade, equating to tens of billions of dollars lost.
The ASX 200 index ended the day down 3.6 per cent, or 214 points to 5,726, wiping out Tuesday's 3 per cent gains.