Japan’s Nikkei stock index plummeted over 4,400 points, marking the largest single-day drop in its history and surpassing the decline seen on Black Monday in 1987.
Japan’s Nikkei stock index plummeted over 4,400 points, marking the largest single-day drop in its history and surpassing the decline seen on Black Monday in 1987.
Japan’s Nikkei 225 just saw its largest two-day drop ever, plummeting 18.2%. Today alone, it fell 12.4%, nearing its 14.9% single-day record from 1987’s “Black Monday.” In three weeks, the index has lost 26% and erased all its 2024 gains.
The Nikkei 225, which had risen 27% just a few weeks ago, is now down for the year. Historically, the Nikkei 225 has fallen more than 20% in three weeks during these periods:
– 1990: A 21% drop from February 14 to March 7, following the burst of Japan’s asset price bubble.
– 2008: A 23% decline from September 26 to October 16, after the Lehman Brothers collapse.
– 2013: A 21% fall from May 22 to June 13, triggered by concerns over economic stimulus measures.
– 2020: A 23% drop from February 21 to March 13, due to panic over the COVID-19 pandemic.
Today Japan’s Nikkei 225 Volatility Index soars 132%, marking its highest one-day percentage increase on record.
Japan’s stock market has plunged dramatically, losing 25% of its value in just 17 trading days.
The Nikkei 225 index has fallen over 18% in two days, marking its largest 2-day drop ever.
Today’s 12.4% decline is the steepest since the 1987 Black Monday crash.
This rapid sell-off is driven by the unwinding of the Yen carry trade.
Investors are now speculating whether the Bank of Japan will step in to stabilize the market.
