2020 - a volatile year in the financial world

Treasurer Josh Frydenberg addresses the media during a press conference as he hands down the Mid-Year Economic and Fiscal Outlook.

Treasurer Josh Frydenberg addresses the media during a press conference. Source: AAP

The Australian sharemarket is ending the year roughly where it started.


It was one of the most volatile years ever for the Australian sharemarket - which kept rising in the first few weeks of the year - despite devastating bushfires.

And even as news of a novel coronavirus spread - including Australia’s first case on the 25th of January, shares continued to hit record levels, peaking on the 20th of February at 7162.

As the seriousness of the virus was realised and economies began shutting down, Australia's market plummeted.

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