ABSTRACT
The reaction of the markets to 9/11 was panic. Trading on the New York Stock Exchange and New York Mercantile Exchange was suspended for several days. NASDAQ cancelled trading and the London Stock Exchange was evacuated. After the trading resumed, all leading stock markets fell sharply. The oil price went up straight after the event but as soon as the world realised what really happened, the price fell sharply from $30 per barrel peak to $18 per barrel, a drop of 40 per cent in just two months – one of the most dramatic price reductions in recent history (see Figures 6.1 and 6.2).
