Analysis of information sources in references of the Wikipedia article "2020년 주가 대폭락" in Korean language version.
Analysts described the market reaction as "utter carnage".
Analysts described the market reaction as "utter carnage".
The volatility in the markets has led to the hashtag #BlackMonday trending on Twitter. “Black Monday” is, of course, a reference to large stock market crashes, particularly the one that happened in October 1987, which saw the Dow lose over 22% of its value in a single day. Whether today ends up being a new Black Monday in the history books, of course, depends on how trading continues throughout the day.
The working week began in the City of London with oil prices down by 30% and the leading barometer of UK shares registering falls of more than 8%, so it didn’t take long for it to be dubbed Crash Monday. To be sure, those with long enough memories would have been able to recall a similar market panic in October 1987, when a wave of selling began in east Asia and rolled inexorably westwards. That, though, is about as far as the comparison goes, because the 2020 Black Monday is a lot more serious than the one 30-odd years ago.
Analysts described the market reaction as "utter carnage".
"This will be remembered as Black Monday. If you thought it couldn’t get any worse than the last fortnight, think again... it's utter carnage out there," said Neil Wilson, chief market analyst at Markets.com.
The working week began in the City of London with oil prices down by 30% and the leading barometer of UK shares registering falls of more than 8%, so it didn’t take long for it to be dubbed Crash Monday. To be sure, those with long enough memories would have been able to recall a similar market panic in October 1987, when a wave of selling began in east Asia and rolled inexorably westwards. That, though, is about as far as the comparison goes, because the 2020 Black Monday is a lot more serious than the one 30-odd years ago.
Analysts described the market reaction as "utter carnage".
"This will be remembered as Black Monday. If you thought it couldn’t get any worse than the last fortnight, think again... it's utter carnage out there," said Neil Wilson, chief market analyst at Markets.com.
