Uzbekistan’s Ministry of Finance reviewed the 1987 Black Monday stock market crash, recalling the Dow Jones index’s 22.6% fall on Oct. 19, 1987. The 508-point decline was one of the sharpest single-day drops in financial history. Heightened investor panic, widespread selling of shares and the effects of automated trading strategies were among the factors contributing to the fall.
Uzbekistan’s Ministry of Finance reviews the 1987 Black Monday stock market crash
Uzbekistan’s Ministry of Finance reviewed the 1987 Black Monday crash, when the Dow Jones index fell 22.6%, or 508 points, on Oct. 19, 1987. Investor panic, widespread selling of shares and automated trading strategies contributed to the decline.