World share markets have suffered their worst quarterly falls in years, with hundreds of billions of dollars wiped off stocks.
The MSCI All Country World Index slumped 18% for the quarter, with a drop of 2.3% on Friday.
US stocks closed their worst quarter since the collapse of Lehman Brothers in the depths of the 2008 credit crisis.
The Dow Jones Index fell 12.1% in the quarter while the Nasdaq Composite ended the three months down 12.9%.
US crude oil prices fell more than 17% in the quarter, while copper, a key industrial metal that is a proxy for growth expectations, was down 25.8% over the last three months.
Fears of another recession led London's leading share index, the FTSE 100, to register its worst quarterly trading figures for nine years, falling 13.7% over the three months.
In New Zealand, the sharemarket has fared better, with the benchmark NZX50 index closing up 1.3% to 3343 points on Friday.
