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Today's stock market collapses in Asia and Europe after China retaliated to steep US tariffs revived memories of similar market turmoil after the Covid pandemic and the last global financial crisis.
Analysts called the falls "historic" and some even described it as a "bloodbath", recalling previous collapses since the start of the last century. 2020 - Covid pandemic Global stocks crashed in March 2020 after the World Health Organization declared Covid-19 a pandemic, putting much of the world under lockdown.
On March 12, 2020 - the day after the announcement - Paris fell 12%, Madrid 14% and Milan 17%. London dropped 11% and New York 10% in the worst fall since 1987.
Further falls came over the following days, with US indexes dropping more than 12%. The rapid response by national governments, which dug deep to keep their economies afloat, helped most markets rebound within months. 2008 - Subprime crisis The 2008 global financial crisis was caused by bankers in the US giving subprime mortgages to people on shaky financial footing and then selling them off as investments, fuelling a housing boom.
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India
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Brazil
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