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A trader holds his head in his hands at the Sydney Futures Exchange October 28...

A trader holds his head in his hands at the Sydney Futures Exchange October 28 after the futures mar.., 1997-1
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IMAGE number
REU7639667
Image title
A trader holds his head in his hands at the Sydney Futures Exchange October 28 after the futures mar.., 1997-10-28 (photo)
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Photographer
David Gray
Medium
photograph
Date
1997 AD
Shooting Date
1997-10-28
Image description

A trader holds his head in his hands at the Sydney Futures Exchange October 28 after the futures market finished 155 points down at close of trade. The Stock Exchange lost 7.2 percent of it's value, carving A$29.5 billion (US$20.6 billion) from the bourse's value. The fall was the worst ever percentage point fall since the last `Black Tuesday', October 20, 1987 when the All Ordinaries lost 25 percent. Panic selling from small investors and foreign funds was triggered by the New York stock exchange's biggest ever single-day points loss.

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REUTERS/David Gray / Bridgeman Images
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