Here are some of the market’s biggest drops

On that day, sometimes indicated as black Tuesday due to the differences in time zone, THE Herald recorded an unprecedented drop of 25 % From Australian Sharemarket. The Dow Jones has lost 508 points, while the Hong Kong and Wellington trade has been suspended.

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The accident aroused global fears of a repetition of the great depression, which lasted from 1929 to 1939. The experts found it difficult to explain the exact cause.

“There were some changes in the United States,” says Oliver, “[But] No dramatic justify it. It was accelerated by the market forces themselves, “says Oliver.

“This was probably the most shocking [drop]. It was difficult to note it to the fundamental drivers. The sharemarket had a great period of running before, and there were question marks on the fact that it was overrated. “

The Asx continued to have a 50 % fall in two months, says Oliver, before it started slowly recovering.

Global financial crisis (September 2008)

Driven by a recession in the United States real estate market in mid -2007 and lasting until mid -2009, the global financial crisis was one of the worst arrests of the market in recent history, the ASX that fell almost 50 % from the peak in depression over the two years.

Nonetheless, Australia fell relatively slightly compared to the rest of the world, avoiding the recession and any serious economic descent, although the savings for the pension of many people were significantly reduced.

“He was similar to [Monday’s drop] As there was an advantage from Wall Street … even if there were shocking falls, they can easily be linked to economic developments, “says Oliver.

It took almost 10 years for the ASX to return to the pre-gfc level.

Pandemic Covid-19 (March 2020)

An accident that most of the Australians will remember well, the Pandemia of March 2020 sent the markets that fell globally, the ASX that fell more than 30 % following blocks of blocks, closures of shops and purchase restrictions. The worst of this was March 16, where the ASX200 fell by 9.7 percent, the largest fall of one day more than 30 years.

Oliver says that parallels can be designed between the falls of the pandemic market and recent ones, with all the measure of Covidti’s blow to the economy unknown at that moment, similar to the current reaction to Trump rates.

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It took only 14 months so that the ASX recovered at the pre-crovid levels.

The Trump Administration (April 2025)

The drop in US actions since then “Day of Liberation” On April 2 it was quick (and the fourth fall of two days faster to Wall Street from the Second World War, according to Oliver).

THE mutual rates They sent shock waves through the global markets. But complete impacts are yet to be seen.

“We know that Trump is sensitive to how people think about him. And sharemarket is a bit of a barometer of that … they could be weeks or a month or two before [he backtracks] … we simply don’t know with Trump; It is quite difficult to predict, “says Oliver.

David Bassanese, Bethares economist leader, says that Monday’s accident is also unusual because it can be traced back to a single policy.

“The question now is not whether the United States will go in recession with these policies. It is whether Trump gives up or not before they cause a recession,” he says.

“It is as if the ship had been hit by an iceberg. We know that the ship has been hit … and that the markets are discussing” is it that it will sink the ship or not? “”