Australia Markets closed

US stocks notch record high as investors calm nerves over virus

Peter Wells in New York, Adam Samson in Hong Kong and Sarah Provan in London

US and European stock indices closed at record highs, while their Hong Kong and Chinese counterparts built on a rebound, as investors calmed their nerves over the coronavirus outbreak that has swept across Asia. On Wall Street, the S&P 500 finished 0.2 per cent on Tuesday, a new peak. The benchmark had been up as much as 0.7 per cent earlier today.