Japan’s Nikkei Posts Worst Day Since 1987 Black Monday Stock Market Crash

Japanese stocks plunged on Aug. 5 in their biggest drop ever.

A pedestrian takes a photograph of monitors displaying the Nikkei 225 Stock Average figure outside a securities firm in Tokyo on Aug. 5, 2024. Tomohiro Ohsumi/Getty Images

Japanese stocks plunged on Aug. 5 in their biggest drop ever, amid concerns about the global economy and fresh forecasts of a possible recession.

The Nikkei 225, a stock market index for the Tokyo Stock Exchange, shed 12.4 percent on Aug. 5, losing 4,451 points. During the 1987 Black Monday sell-off, the index lost 3,836.48 points, which was the worst previous decline.