Date in year · 2007 · The 2000s
On February 27, 2007, chinese stock bubble of 2007: The Shanghai Stock Exchange falls 9%, the largest daily fall in ten years, following speculation about a crackdown on illegal share offerings and trading, and fears about accelerating inflation. The year's #1 song was "Irreplaceable" by Beyoncé. Brenda Fruhvirtová, Princess Isabella of Denmark, Mirra Andreeva would arrive in the same year.
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2007
2000s
Featured · February 27, 2007
The Chinese stock bubble of 2007 was the global stock market plunge of February 27, and November 2007, which wiped out hundreds of billions of market value. After rumors that governmental Chinese economic authorities were going to raise interest rates in an attempt to curb inflation and that they planned to clamp down on speculative trading with borrowed money, the SSE Composite Index of the Shanghai Stock Exchange tumbled 9%, the largest drop in 10 years.
Around 2007
2007 (MMVII) was a common year starting on Monday of the Gregorian calendar, the 2007th year of the Common Era (CE) and Anno Domini (AD) designations, the 7th year of the 3rd millennium and the 21st century, and the 8th year of the 2000s decade.
What happened
2007 dip in global stock markets
The Chinese stock bubble of 2007 was the global stock market plunge of February 27, and November 2007, which wiped out hundreds of billions of market value. After rumors that governmental Chinese economic authorities were going to raise interest rates in an attempt to curb inflation and that they planned to clamp down on speculative trading with borrowed money, the SSE Composite Index of the Shanghai Stock Exchange tumbled 9%, the largest drop in 10 years.
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The class of 2007
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