prepare for a slaughtering, page-2

Distress over the coronavirus and an oil price war might see Australia’s benchmark stock index plunge 50% from its record by the end of 2020, according to IG Markets.In the worst-case scenario, the pandemic “sends the world into deep recession, and the issues in oil markets spark a crisis in U.S. corporate credit markets as feared,” said Kyle Rodda, an analyst at IG Markets Ltd. in Melbourne. The S&P/ASX 200 index would be around 3,500 as the year wraps up, he said. That means it would lose about half of its value from the Feb. 20 peak of 7,162.494.