Watch video Asian investors made a stampede for the exit on Monday, with stock markets crashing to multiyear lows, as fears surrounding the health of
Chinese stock market tumbled 8 Asian markets will the oneyear lending rate in a signal of readiness to head off a repeat of Junes stock market crash.
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 minicrash.
Chinas stockmarket crash has wiped out more than 1 trillion in value from equities and sent its main stock index down 22 over the past four days.
Market Crashes: The Asian Crisis (1997) Market Crashes: Learn about some signs of a potential stock market crash including a high level of margin debt,
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Asian markets open with Peoples Bank of China reduces the oneyear lending rate in a signal of readiness to head off a repeat of Junes stock market crash.
The Asian financial crisis was a period of financial crisis that gripped The stock market also reached an alltime high in (see 27 October 1997 minicrash).
The Asian financial crisis that was triggered in July 1997 was a shocker. Even two years after it ended, Trading on the stock market is temporarily suspended.
World Markets Asian markets finished higher today with shares in Japan leading the region. The Nikkei 225 is up 0. 89 while China's Shanghai Composite is up 0. 52 and Hong Kong's Hang Seng is up 0. 28.