The ASX 200 Index hit a high of 7,197 points on the 20th Feb before falling all the way down to 4,402 points on the 23 March 2020. A 38% drop from top to bottom.
Just when you thought it was over. Coronavirus strikes again.
The figures show quite a confusing picture. According to the data, an unemployment rate of 7.4 per cent is the worst rate Australia has seen since November 1998 despite the addition of 210,000 jobs, which is a huge increase.
The South China Sea conflict has largely been a case of ‘failure to act’ whilst the law of the sea has been flouted. China continues to exert military control over its neighbours over the hotly contested waterways, completely unabated.
Often dubbed the ‘original fintech’s’, the wealth management platform space is becoming a highly competitive area as disruptive innovative start-ups threaten the status quo and cashed up platforms actively acquire businesses to leapfrog ahead. Following on from the Royal Banking Commission, a record number of advisers shifted towards non-aligned financial advice, away from a vertically integrated banking world. Consumer led demand has forced advisers to become a lot more mindful that the selection of the right platform can significantly impact the outcome for their businesses and their clients.
