S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) has finished the day up 179 or 3.11% to 5,939.6.
The market opened and went straight down to its low of 5,538.9 before putting on 400 points over the day to finish where it did.
Other markets in Asia also faired well with Japan's Nikkei 225 +0.5% and Hong Kong's Hang Seng +1.8%.
Eyes now turn to Europe and the US to keep the rebound going.
— CommSec (@CommSec) March 10, 2020
Pre-market: S&P/ASX 200 futures pointing to another big down day
ASX 200futures are down over 6% heading into the open after US markets were smashed overnight on COVID19 fears and lower oil prices.
S&P 500 Index (INDEXSP:.INX) closed at 2,746.56, −225.81 or down 7.60%% and the Nasdaq Composite (INDEXNASDAQ: .IXIC) closed at 7,950.68, −624.94 or down 7.29%.
Because the S&P 500 declined over 7%, whats known as a circuit breaker was triggered, resulting in a 15-minute trading halt.
There are three levels of circuit breakers, level two results in another 15-minute halt once -13% is reached and the final level results in trading being halted for the day at 20%.
Gold steady, oil and AUD remain low
Gold is up 0.50% overnight to US$1,680 per ounce while Crude Oil WTI is down 27% to US$30.15 per barrel.
The AUD flash crashed to 63 US cents but iRead More – Source