Evidence indicates not every market crash lowers spending
Article Abstract:
The issue of whether share price declines lead to economic difficulties is discussed. It is argued that the current stock market slump will not necessarily bring significant negative wealth effects.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2001
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Hong Kong crash sparks world-wide sell-off in markets
Article Abstract:
There has been considerable nervousness on stock markets around the world, prompted by a fall in shares in the Far East. The most serious decline, at more than 10%, was in Hong Kong. Japan's Nikkei index fell by 3%, with Wall Street being more than 2% lower very shortly after opening. Investors have responded by moving to bonds, thus pushing down long-term yields on gilts and US Treasury bonds. Some analysts see the collapse of the Hong Kong market as more serious than the 1987 crisis.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1997
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