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Investors deserted emerging Asian shares, including an overheated Hong Kong stock market. Crashes occur in Thailand, Indonesia, South Korea, Philippines, and elsewhere, reaching a climax in the October 27, 1997 mini-crash. October 27, 1997, mini-crash.
Personal Finance 4/26/2016 @ 7:25AM 8,304 views. The Surprising Truth About Market Crashes. What causes stock markets to crash is literally a trillion dollar question. Yet, extensive research shows the causes of crashes differs from what you might believe. Interestingly, market crashes are not generally caused by major and immediate bad news.