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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.
Stock market crash: Outcome: Stock markets crash worldwide, first in Asian markets other than Japan, then Europe, then the US, and finally Japan; Dow Jones Industrial Average falls 508 points (22.6 percent), the largest one-day drop by percentage in the index's history. Federal Reserve provides market liquidity to meet unprecedented demands for ...
Hong Kong's Hang Seng lost 0.6% to 16,832.52, while the Shanghai Composite fell 0.3% to 3,066.66. ... One of the big reasons the U.S. stock market has screamed higher since late October is the ...
Stock market crashes may seem like random occurrences -- unfortunate yet unforeseeable events. While crashes are bound to happen, if investors hold on for the the long haul their portfolios should ...
Stock price graph illustrating the 2020 stock market crash, showing a sharp drop in stock price, followed by a recovery. A stock market crash is a sudden dramatic decline of stock prices across a major cross-section of a stock market, resulting in a significant loss of paper wealth. Crashes are driven by panic selling and underlying economic ...