A comparison between how much the Australian stock exchange fell this year and the GFC.
THIS YEAR'S HIT TO FINANCIAL MARKETS COMPARED TO THE GFC
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**ASX/S&P 200 IN 2020**
* January 2 open: 6681.2
* Peak: 7197.2 on February 20
* Low: 5290.0 on March 12
* A fall of 1907.2 points, peak to low, or 26.5 per cent.
* The total market lost $608.5 billion in value, between Feb 20 and March 12
**ASX/S&P 200 WHEN THE GFC HIT IN 2008**
* September 15 open: 4904.0
* Peak: 6385.7 on January 2
* Low: 3217.5 on November 21
* A fall of 3168.2 points peak to low or 49.6 per cent.
* The total market lost $678.3 billion in value between Jan 2 and Nov 21
(The collapse of Lehmann Brothers on September 15 2008 is considered to be the start of the global financial crisis)
Australian Associated Press
