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With European markets opening shortly, here is a brief look at what the reaction to Trump’s measures – as well as the Australian government’s stimulus package – have been in Australia.

Panic selling drove Australian shares down 7.36% on Thursday after the market gave the thumbs down to a government stimulus package before being electrified by a sweeping ban on European travel imposed by US president Donald Trump.

More than 25% of the market’s value, or more than $520bn (US$335bn), has been wiped from the value of Australian shares since 21 February, when coronavirus chaos began to grip the market.

The steep fall – the second of more than 7% this week and the worst single day plunge since the global financial crisis – once again battered airlines, travel agents and mining stocks, but no sector of the economy was immune to the punishment.