“It’s A Disaster” – Japanese Stocks Suffer Biggest Point Drop Since Black Monday
Japan’s benchmark Nikkei Stock Average on Friday recorded the second biggest daily drop in its history, as stocks extended losses following a sell-off in New York overnight.
The index plunged to 35,909.70, down 2,216.63 points, or 5.81%, marking its lowest close since Jan. 26.
Friday’s decline was the second largest in the index’s history after the Black Monday crash of October 1987, when global markets sank and the index cratered by 3,836.48 points.
www.zerohedge.com/markets/its-disaster-japanese-stocks-suffer-biggest-point-drop-black-monday
Literally like clockwork… t.co/9dCXtzSZWt
— JustDario 🏊♂️ (@DarioCpx) August 2, 2024
🇯🇵 Japan's Nikkei Index sees the largest 1 day drop since the "Black Monday" crash of 1987 pic.twitter.com/2VBW05eic1
— Financelot (@FinanceLancelot) August 2, 2024
Nearly all of Japan’s stock gains for 2024 were wiped out in just three days.
Since this post last week?
Nearly all of Japan's stock gains for 2024 were wiped out in just three days.
There is a reason clowns are everywhere. t.co/nU3Riu9EGJ
— Gold Telegraph ⚡ (@GoldTelegraph_) August 2, 2024