Black Monday 1987
Definition of 'Black Monday 1987'
The crash began in Hong Kong and spread west to Europe, hitting the United States after other markets had already declined by a significant margin.
By the end of October 1987 the following losses were suffered:
- Hong Kong: 45.5%
- Australia: 41.8%
- Spain 31%
- United Kingdom: 26.5%
- United States: 22.7%
- Canada: 22.5%
- New Zealand: 60%
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