Stock disasters in Hong Kong
Encyclopedia
Many stock disaster
s have occurred on the Hong Kong stock market
since the 1960s. The major ones are:
1970s
1980s
1990s
2000s
Stock market crash
A stock market crash is a sudden dramatic decline of stock prices across a significant cross-section of a stock market, resulting in a significant loss of paper wealth. Crashes are driven by panic as much as by underlying economic factors...
s have occurred on the Hong Kong stock market
Hong Kong Stock Exchange
The Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...
since the 1960s. The major ones are:
Timeline
1960s- Stock disaster in 1965 (Canton Trust Bank runCanton Trust and Commercial BankCanton Trust and Commercial Bank was a Chinese bank in Hong Kong.-History:In 1965, bank run occurred in the bank after it suffered from heavy lending to property sector and fraud. Although The Hongkong and Shanghai Banking Corporation agreed to lend the bank HK$25 million to overcome the crisis,...
) - Stock disaster in 1967 (Hong Kong 1967 Leftist Riots)
1970s
- Stock disaster in 1973 (1973–1974 stock market crash)
1980s
- Stock disaster in 1981 (NegotiationNegotiationNegotiation is a dialogue between two or more people or parties, intended to reach an understanding, resolve point of difference, or gain advantage in outcome of dialogue, to produce an agreement upon courses of action, to bargain for individual or collective advantage, to craft outcomes to satisfy...
deadlockDeadlockA deadlock is a situation where in two or more competing actions are each waiting for the other to finish, and thus neither ever does. It is often seen in a paradox like the "chicken or the egg"...
between ChinaChinaChinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
and Britain on Transfer of sovereignty over Hong Kong) - Stock disaster in 1987 (Black MondayBlack Monday (1987)In finance, Black Monday refers to Monday October 19, 1987, when stock markets around the world crashed, shedding a huge value in a very short time. 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...
) - Stock disaster in 1989 (Tiananmen Square Massacre)
1990s
- Stock disaster in 1997 (Asian Financial Crisis)
2000s
- Stock disaster in 2000 (Dot com bubble)
- Stock disaster in 2003 (SARS crisis)
- Stock disaster in 2007, 2008, 2009 (Financial crisis of 2007–2010)
See also
- Stock market crashStock market crashA stock market crash is a sudden dramatic decline of stock prices across a significant cross-section of a stock market, resulting in a significant loss of paper wealth. Crashes are driven by panic as much as by underlying economic factors...
- Hong Kong Stock ExchangeHong Kong Stock ExchangeThe Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...