Gray Tuesday

From Wikipedia, the free encyclopedia

This article or section does not adequately cite its references or sources.
Please help improve this article by adding citations to reliable sources. (help, get involved!)
Any material not supported by sources may be challenged and removed at any time. This article has been tagged since March 2007.

Gray Tuesday occurred on February 27, 2007 when the Chinese stock market declined 8.8%. This was the largest drop since Deng Xiaoping's death on February 19, 1997, which led to an 8.9% drop in stocks. The decline in the Chinese stock market led to drops in the US (3.3%), Europe (3% on average), Hong Kong (1.8%), Malaysia (2.8%), Singapore (2.3%), and Australia (3.5%). It also led to large drops in Japan (3.75%), South Korea (3.51%) the next day with most Asia experiencing further drops as well. The Dow Jones Industrial Index, dropped 416.02 points to 12,216.24 . The Nasdaq lost 96.66 points to 2,407.86, and the S&P 500 lost 50.33 points to 1,399.04. On the big drop, the Dow Jones dropped from 298 points to 500 points in 30 seconds.

[edit] External links

Retrieved from "http://en.wikipedia.org../../../g/r/a/Gray_Tuesday_1f1d.html"