View photos Bull and bear markets. Frankfurt, Germany. (Source: Getty) More
About 10 weeks ago, global financial markets were gyrating which spectacular falls in share prices, extreme volatility in foreign exchange markets and cascading prices for many commodities.
Investors were reacting to the inevitable recession and dislocation to business activities and profits from the economic lockdown that was being imposed in reaction to the coronavirus pandemic.
In Australia, the value of shares listed on the ASX fell a staggering 36 per cent in five weeks from its record peak recorded on 20 February.
Around three-quarters of a trillion dollars of market value was lost as investors dumped stocks.
The Australian dollar, which had been edging lower from