October 19: Black Monday 30th Anniversary
Hello, I am Nikkei OP Seller, the administrator.
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Now, the theme this time isThe 30th Anniversary of Black Monday.
October 19, 2017 marks the 30th anniversary of Black Monday.
＜Black Monday＞
☆ The worldwide stock price crash on Monday, October 19, 1987
☆ The New York Stock Exchange was the starting point
☆ Using futures to hedge the physical assets, PI (Portfolio Insurance) caused futures to lead and physical prices to fall
☆ Dow Jones industrial average: 508 points decline (22.6%)
☆ Nikkei Stock Average: decline of 3,836.48 yen (14.90%)
There are indications that the rise of algorithmic trading today creates an environment similar to that of PI at that time. It is an event that cannot be forgotten.
Note) The above is my personal view, and also aimed solely at improving financial literacy. Therefore, it was not created for investment solicitation purposes. The final investment decisions should be made at your own responsibility.
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