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A number of stock market crashes have occurred in the Hong Kong stock market since the 1960s: 1960s. Stock disaster in 1965 (Canton Trust Bank run) Stock disaster in 1967 (Hong Kong 1967 Leftist riots) 1970s. Stock disaster in 1973 (1973–74 stock market crash) 1980s. Stock disaster in 1983 (Negotiation deadlock between China and United ...
Investors deserted emerging Asian shares, including an overheated Hong Kong stock market. Crashes occur in Thailand, Indonesia, South Korea, Philippines, and elsewhere, reaching a climax in the October 27, 1997 mini-crash. October 27, 1997, mini-crash: 27 Oct 1997: Global stock market crash that was caused by an economic crisis in Asia.
The crash started overnight in Asia as Hong Kong's Hang Seng Index fell 6%, although the most widely watched Asian market, Japan's Nikkei 225, only fell 2% on the day.The losses spread to the European markets, where London's FTSE 100 Index fell 98.90 points, or just about 2%, to 4,871.30.
Black Saturday, 24 September 1983, is the name given to the crisis when the Hong Kong dollar exchange rate versus the United States dollar was at an all-time low. On that day, US$1 exchanged for HK$9.6. [1] For a period, Hong Kong stores began quoting products in US dollar prices, because of the uncertain fluctuation in domestic currency.
In the past two-and-a-half decades alone, the market has experienced some of the worst slumps in history -- including the record-breaking bear market following the dot-com bubble burst, the Great ...
Schools and the stock market were closed in Hong Kong on Monday as Typhoon Talim sideswiped the city and headed toward the Chinese mainland and the island province of Hainan. State broadcaster ...
The October 1987 crash hit stock markets around the world, but Hong Kong was hammered especially hard. On Monday, October 19, the city's benchmark Hang Seng index fell 11 per cent, a slump that prompted stock exchange chairman Ronald Li to suspend trading for the rest of the week “to protect the investor”.
Stock indexes were down 0.1% in Shanghai and nearly flat in Hong Kong, while Canada’s main index edged down by less than 0.1%. ... That boom had also appeared to have spilled into some corners ...