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Stock Market #313206

CBS Evening News for Monday, Oct 26, 1987
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(Studio: Dan Rather) Report introduced.

(Studio: Ray Brady) Drastic plunging of stock market reported Stk. Mkt. Report London and Tokyo drops said triggering plunge. [Stockbroker Robert STAHMER - says it cannot be helped that each market affects the other because it is essentially an international market] Dow Jones Ind. Avs. behavior compared to 1929 market graphically shown. Evangelists shown preaching on Wall Street [Stk. analyst David JONES - says bonds are considered the storm cellar where investors hide until the storm blows over.] [Stockbroker Gary BRENSEN - says the biggest risk we are facing now is the collapse of the global market] [JONES - says interest rates will be lower by the end of the year] New York Stk. Exchange said will close early for rest of week to normalize trading.

(Hong Kong: Richard Wagner) Stk. market plunge in Hong Kong noted; details given, scenes shown. [Mkt. analyst Leon RICHARDSON - says we got hit by a silkworm.] Chairperson of Hong Kong stock exchange said to have become angry when reporter suggested he had acted illegally when trading was suspended. [Hong Kong stock exchange chairperson Ronald LI - says you have gone too far, I have done nothing wrong and if you do not take it back you will get a lawsuit right now.] Communists said buying shares.

Reporter(s):
Brady, Ray;
Rather, Dan;
Wagner, Richard
Duration:
00:04:30

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