Black Monday Part Deux
Published / Last Updated on 06/10/2008
At close of business last night, the FTSE 100 index had its biggest fall in one day since Black Monday in October 1987.
FTSE fell 7.9% to finish at 4,589.20 as market globally went into free fall.
The Nikkei went below 10,000 for the first time since 2003 and emerging markets such as Russia, suspended trading with falls of
19% and Brazil down 15%.
Only a ray of light came from Australia, where an interest rate cut of 1% saw some recovery in Asia-Pacific Markets.
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