The Hang Seng Index plummeted on September 15, 2008, in the wake of Lehman Brothers’ bankruptcy filing. The collapse of the investment bank sent shockwaves through global markets, triggering widespread panic among investors.

Trading floors were filled with anxiety as the news broke, leading to a massive sell-off of shares. The Hang Seng Index, a key indicator of the Hong Kong stock market, suffered a substantial drop, reflecting the deep concerns about the health of the financial sector.

Market analysts pointed to the interconnectedness of global financial institutions as a major factor contributing to the market’s sharp reaction. The Lehman Brothers bankruptcy highlighted the systemic risks within the financial system and raised fears about potential contagion.

The crash served as a stark reminder of the vulnerability of markets to unexpected events and the importance of robust risk management practices. Regulators around the world responded by implementing measures aimed at strengthening financial stability and preventing future crises.

The events of September 15, 2008, continue to be studied and analyzed as a pivotal moment in modern financial history, underscoring the profound impact of major institutional failures on global markets.