BLACK MONDAY: Japanese stocks crash in biggest one-day drop ever as global market rout intensifies

Japanese financial markets plummet 27% since July 2024, falling off a cliff, dragging down the entire Western financial market with it.

Japanese stocks crash in biggest one-day drop ever as global market rout intensifies

By Laura He, Marc Stewart and Mark Thompson, CNN

4 minute read

Updated 4:40 AM EDT, Mon August 5, 2024

An electronic stock quotation board inside a building in Tokyo, seen on August 2, 2024.

Issei Kato/Reuters

Hong Kong/LondonCNN — 

Japanese stocks suffered their biggest ever daily loss Monday as fears about a US economic slowdown sent shock waves through global markets.

The Nikkei 225 index of leading stocks in Tokyo lost a staggering 4,451 points, its biggest drop in history. The index closed more than 12% down, taking its losses since early July to 27% and entering bear market territory.

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