Frankfurt market crash - 20th of October 1987

FRANKFURT, 20th of October. The sharp fall in prices that hit the New York's Wall Street on Monday triggered, on Tuesday, a large selling-wave in all the international stock markets. In many financial markets it also caused a hectic rush, turbulence and on various occasions, panic. The opening times of the stock market had to be extended. During the course of the day, though, towards the closing of the interest rates-market, stabilisation emerged in some …

…of the market session, which was extended by half an hour, prices experienced large fluctuations. When compared with the closing prices, clear losses dominated, although there were some profits. There was a frequent rumour that the situation had stabilised. <Tab/> After the mood in the American loans market distinctively improved, the prices of the German state loans increased by 2 percentage points. In official trade, the prices jumped afterwards up to 3.95 points.