2020 ASX recap of the year we’ll never forget

A year that began with Australia ablaze from devastating bushfires perhaps set the pace for what would be a year of unprecedented times. Little did we know just how record-breaking the year would turn out to be.

The S&P/ASX 200 Index (ASX: XJO) inaugurated the year with a gain of 0.07% by the end of its first week of trading in 2020. At this time, coronavirus was only known as a ‘cluster of pneumonia cases’ with no deaths in Wuhan, as tweeted by the World Health Organisation.

Let’s recap this crazy year before we start the next trip around the sun.

Bushfires

Across December and January, Australia experienced devastating bushfires that burnt an estimated 18.6 million hectares. Economists have pegged the cost at over $103…