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Japan’s $1.1 Trillion Stock Meltdown Rewrote the Record Books

August 9, 2024

Japan’s $1.1 Trillion Stock Meltdown Rewrote the Record Books

Japan's recent stock market collapse was historic, with the Topix and Nikkei 225 indexes plummeting 12% on Monday, marking their worst single-day drops since the 1987 Black Monday crash. Over three days, these indexes fell 20%, the steepest decline ever recorded, before a dramatic 10% recovery on Tuesday, reminiscent of the 2008 global financial crisis. The volatility triggered ten circuit breakers on stock futures, halting trading multiple times on Monday, and led to record trading volumes, highlighting the extreme market turmoil and investor panic.


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To Read More: https://www.bloomberg.com/news/articles/2024-08-06/japan-s-stock-meltdown-was-so-epic-it-s-rewritten-record-books?embedded-checkout=true

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