October 1987 crash in historical perspective
On 19 October 1987, following three days of decline in the New York stock market, the Hong Kong market dropped 10.5 per cent after a rise of 89 per cent in the previous 12 months.
There have been reports of an explosion at a bus terminal in Manhattan and the New York City Police said they were responding to it.
The incident reportedly took place early on Monday at the Port Authority Bus Terminal near Times Square, BBC reported.
“The NYPD is responding to reports of an explosion of unknown origin at 42nd Street and 8th Ave, #Manhattan,” tweeted the department.
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“The A, C and E line are being evacuated at this time. Info is preliminary, more when available.”
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