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In October 1987, the international Stock Market Slump saw markets crash around the world. The crisis originated when Japan and West Germany pushed up interest rates, pressuring US rates also to rise, triggering a massive sell-off of US shares. Global share prices fell an average of 25%, but Australia saw a 40% decline.
Reports said the Finance Ministry might have intervened in the currency market last week, buying nearly 6 trillion yen ($37 billion) to support the yen. The U.S. dollar rose to 158.42 Japanese yen ...
Souk Al-Manakh stock market crash: Aug 1982 Kuwait: Black Monday: 19 Oct 1987 USA: Infamous stock market crash that represented the greatest one-day percentage decline in U.S. stock market history, culminating in a bear market after a more than 20% plunge in the S&P 500 and Dow Jones Industrial Average. Among the primary causes of the chaos ...
1976: The Australian Options Market was established, trading call options. 1980: The separate Melbourne and Sydney stock exchange indices were replaced by Australian Stock Exchange indices. 1984: Brokers' commission rates were deregulated. Commissions have gradually fallen ever since, with rates today as low as 0.12% or 0.05% from discount ...
The stock market's steep sell-off this week wasn't a freak event, and the recent pullback could be a signal that there is more trouble ahead for the economy, according to billionaire investor Mark ...
Let's look at two of the main issues that likely will help determine whether the stock market could crash next year. Bull and bear statues trading stocks on a smartphone. Image source: Getty Images.
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 ...
Wake up with Breakfast news in your inbox every market day. Sign Up For Free » The S&P 500 (SNPINDEX: ^GSPC) plunged 2.9% on the day of the decision, and the technology-heavy Nasdaq-100 plummeted ...