Mass Protests Linked to Global Stock Market Declines
Historic uprisings in Egypt, Hong Kong, and Greece coincided with significant stock market drops.
The Brief
- Egypt's stock market fell over 10% during the Arab Spring protests in 2011.
- Hong Kong's Hang Seng index dropped nearly 12% amid 2019 protests.
- Greece's ATHEX Composite fell 17.18% during 2010-2011 anti-austerity protests.
Historic mass protests in Egypt, Hong Kong, and Greece coincided with major stock market declines, according to financial reports.
During the Arab Spring, Egypt's EGX 30 index fell 10.5% on January 27, 2011, marking its largest drop in two years.
The Egyptian stock market also experienced a two-month suspension during the unrest, according to CNBC.
In Hong Kong, the proposed extradition bill in 2019 led to widespread protests and a nearly 12% decline in the Hang Seng index between July and August.
Bloomberg reported that over $600 billion in stock value was lost during the period of protests in Hong Kong.
Greece's ATHEX Composite fell 17.18% between May 4 and May 17, 2010, amid public protests against austerity measures.
The Greek stock market decline was linked to economic hardship, public spending cuts, and tax hikes during the government-debt crisis.
More in Europe
-
Flamenco Dancer Arrested in Home Invasion Case
Arrest of Spanish performer sparks debate over self-defense laws amid rising burglary rates.
-
Russia Strikes Kharkiv Power Plant Amid Energy Ceasefire Announced
Ukrainian president reports Russian attacks on energy infrastructure days after Trump's ceasefire proposal.
-
Glucksmann Wins Centre-Left Primary for French Presidency
EU lawmaker secures left's presidential nomination ahead of runoff against far-right candidate.
-
Glucksmann Wins Left Primary for French Presidency
Centre-left candidate advances in presidential race amid far-right influence.