Overview

• Asian and European markets experienced significant declines after China imposed retaliatory tariffs on the United States, intensifying global economic tensions.
• Analysts have described the market drops as 'historic' and comparable to previous major crashes, including Black Monday and the 2008 financial crisis.
• The 1929 Wall Street crash, Black Monday in 1987, and the 2008 financial crisis serve as key historical parallels, with each event causing widespread economic disruption.
• The Covid-19 crash in 2020 remains unique for its rapid recovery, driven by aggressive government interventions, contrasting with the prolonged recoveries of earlier crashes.
• Market crashes are notoriously difficult to predict, often triggered by a combination of economic imbalances, speculative bubbles, and external shocks.