Black Monday: Shares face biggest fall since financial crisis

[Eugene]

Source: BBC

Black Monday: Shares face biggest fall since financial crisis

9 March 2020

Shares around the world are facing their worst day since the financial crisis with the dramatic falls leading to the day being dubbed "Black Monday".

London's index of top shares ended the day almost 8% lower, with some £125bn wiped off the value of major UK firms.

-snip-

Analysts described the market reaction as "utter carnage".

In the US, the major stock indexes fell so sharply at the start of trading, that the buying and selling of shares was halted for 15 minutes, as a so called "circuit breaker" aimed at curbing panicky selling came into effect.

The Dow Jones industrial average fell more than 2,000 points, the biggest ever fall in intraday trading.

-snip-

Read more: https://www.bbc.com/news/business-51796806

[safeinOhio]

1. I wonder about the timing

of the oil wars announced on Saturday when trading was closed for the week end. Gave no time for big oil investors to jump ship before the opening bell. Tuff luck guys