Daniel Barr
The leaders' text message exchange after the stock market crash: "Will take a closer look"
Martina Karpmyr
Published 14.41
The Tokyo stock exchange fell roughly 12 percent last night and Europe's stock markets are shaky.
"Is there cause for concern?", writes Barr to the authority's chief economist, reports Di, who read the text message.
At Monday's stock market opening, the Stockholm Stock Exchange's broad index fell by more than 4 percent and several public stocks plunged heavily.
During the night to Monday, Swedish time, the Tokyo stock market also had its worst day since the end of the 1980s.
The development has caused the Financial Supervisory Authority to turn a blind eye.
"Reason for concern?"
Shortly after the stock market opened, the authority's director general Daniel Barr sent a text message to his chief economist Jon Thor Sturluson, reports Dagens Industri."Ten percent down in Tokyo. Is there cause for concern?", says the text message that DI has seen.
After 20 minutes the answer came, which was hardly reassuring.
Answered with a thumbs up
What is happening on the stock market right now is "huge" and not limited to Japan, Thor Sturluson answers, according to DI.
"US futures, for example, are going down sharply. Many have expected some correction that we saw last week, but this today is more panicky," writes the chief economist and continues:
"I'll take a closer look and get back to you."
Daniel Barr responded to the text message with a thumbs up, writes DI.
"US futures, for example, are going down sharply. Many have expected some correction that we saw last week, but this today is more panicky," writes the chief economist and continues:
"I'll take a closer look and get back to you."
Daniel Barr responded to the text message with a thumbs up, writes DI.
Photo: Jessica Gow/TT / TT News Agency
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