A record high for Afterpay and renewed interest in the hollowed-out travel sector means Australian stocks have clawed back their COVID-19 losses to less than 20 per cent, signifying that the S&P/ASX 200 Index is no longer in a bear market.
Australia joins Wall Street, Germany's DAX, Japan's Nikkei, Korea's Kospi and Hong Kong's Hang Seng in having exited bear territory as the economy aims to return to normal.
Vesna Poljak is the Companies editor. She was previously the Markets editor with a special interest in the investment industry, hedge funds and accounting. She is based in the Sydney newsroom. Connect with Vesna on Twitter. Email Vesna at vpoljak@afr.com
