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Bloody Friday: Sock market plunge of 2008

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On 24 October 2008, global stock markets saw historic drops of around 10%, marking "Bloody Friday" as a pivotal point in the 2008 financial crisis

Desk Report

Publisted at 10:42 AM, Thu Oct 24th, 2024

On 24 October 2008, a day that would later be dubbed "Bloody Friday," global stock markets experienced some of the sharpest declines in their history as the financial crisis deepened.

Major indices across the world plummeted by approximately 10%, wiping out billions in market value in a single trading session.

Panic and fear gripped investors as they reacted to the escalating economic instability, triggering a wave of sell-offs that reverberated across exchanges from New York to Tokyo.

The collapse reflected growing concerns about the collapsing banking system, lack of liquidity, and the looming global recession, making this Friday a pivotal moment in the 2008 financial meltdown.

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