FACTBOX - Major stock market crashes

Mon Jan 21, 2008 7:41pm GMT
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(Reuters) - Stock markets around the world tumbled on Monday.

Here is a list of some major stock market crashes:

* The crash of 1929:

- October 29, 1929 - The Dow Jones Industrial Average fell more than 11 percent on "Black Tuesday", with a record volume of 16 million shares traded. It heralded the beginning of the "Great Depression" of the 1930s. It did not surpass the 1929 average again until 1954.

* The crash of 1987:

- News of a big U.S. monthly trade deficit on October 14 sparked the crash of 1987. The Dow took the first 100-point dive in its history on October 16, 1987 and again on October 19, "Black Monday".

Wall Street lost 508.32 points taking the Dow down to 1,738.4. The crash wiped 22.6 percent off the value of the New York Stock Exchange, compared with 12.8 percent on the worst day of the 1929 Wall Street Crash.

* The crash of 1997:

- Financial turmoil in Asia that began in July when international currency speculators bet against the Thai baht helped trigger the biggest single-day point decline in the Dow Jones industrial average on Monday, October 27, 1997.  Continued...

 
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