Business
ASX 200 shares hardest hit by COVID-19 in 2020
The outbreak of the coronavirus pandemic earlier this year threw the ASX into a panic. The S&P/ASX 200 Index (ASX: XJO) fell 36% from its February high to its March low and is only now testing pre-pandemic levels.
But there have been winners and losers along the way. Some ASX 200 shares have boomed as pandemic related tailwinds drove customer growth (hello, Afterpay Ltd (ASX: APT)). But many others have suffered due to pandemic-related restrictions.
For example, ongoing travel restrictions have taken their toll on ASX travel shares, which remain well down from their pre-COVID highs. With domestic borders in a state of flux, consumers are hesitant to make travel plans that may have to be hastily cancelled. International travel…
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