Australian shares plunge nearly 10%
The Sydney stock market has closed almost 10% down on another disastrous day of trading. It dropped 9.7% to 5,002 points.
The massive losses came despite an announcement by the Reserve Bank that it will begin buying bonds in a quantitative easing operation to prop up the country’s cratering economy.
South Korea reports its third day where recoveries exceed new cases, despite new cluster near Seoul
In New Zealand, at 1am on Monday tough new restrictions came into force on the country’s borders, meaning everyone landing in New Zealand from overseas would be required to self-isolate for 14 days. Those arriving from the Pacific Islands were exempt.
Prime minister Ardern said the government were committed to enforcing the self-isolation stipulations and anyone who flouted the rules was “not welcome” in New Zealand and would be deported.
It was also an option to “put a police officer on their door” if someone was not adhering to self-isolation rules, Ardern said, which required they largely stayed inside and kept two metres physical distance from others, including family members.
An important and only slightly baffling message from Arnold Schwarzenegger. His advice on social isolation is sound, and his miniature horses are incredible.
Ecuador’s President Lenín Moreno announced in a televised address on Sunday that all movement of people and vehicles would be restricted from 6am on Tuesday, 17 March. Exceptions would be made to buy food, visit hospitals, commute to and from work, or to care for the sick or elderly.
The police and the armed forces would enforce the measures, Moreno said. “They are measures we should all commit to,” he added.
Ecuador has so far confirmed 37 cases of Covid-19, including two deaths.
The Andean country announced on Saturday it would shut its sea, land and air frontiers to all foreign travelers from Sunday while its citizens and foreigners with Ecuadorean residency would have until the end of Monday to return.