Coronavirus latest updates: US stocks suffer biggest one-day fall, Australian market dives

Ireland and Netherlands report first cases as US officials monitor thousands getting off domestic flights for symptoms. Follow live news

In more Donald Trump news, the president called the press pool for an unscheduled event, shortly after the Dow Jones index suffered its biggest points fall in history amid coronavirus fears. The president planned to discuss his “success in empowering members of the African-American community”, and included guests such as conservative commentator Candace Owens and media personalities Diamond and Silk.

The event turned into an impromptu press conference, and Trump started to talk about coronavirus.

Trump is now touting his response on the Coronavirus, namely restricting flights from China four weeks ago.

"We have done an incredible job, because we closed early," Trump says.

"I gave a press conference yesterday that really was a very good press conference," Trump says.

He says it was a "calming" press conference.

(He hasn't yet directly addressed the markets today.)

Trump is blaming the media now for, in his view, overstating the risk of the Coronavirus.

Trump repeatedly is coming back to saying that, were it not for him, Coronavirus would be worse in the U.S.

"15 people is almost, I would say, a miracle," he says. (There are 15 cases.)

Trump says the Coronavirus could get worse before it gets better, or that it could just go away. Nobody knows, Trump says.

A quick recap on the devastation in financial markets.

Graeme Wearden reports financial markets have suffered fresh, heavy losses, as the coronavirus crisis escalates - threatening to cause major economic disruption.

#ASX200 Sector update - ouch:
Financials 5889 -3.38%
Energy 9418 -3.67%
Materials 12490 -3.9%
Industrials 6489 -2.74%
Cons. Discr 2540 -2.9%
Cons. Staple 12275 -2.54%
Health Care 44207 -1.81%
Comms 1204 -2.95%
Info Tech 1294 -4.24%
Utilities 7716 -2.47%#asx #ausbiz

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