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Black Monday (also known as Black Tuesday in some parts of the world due to time zone differences) was a global, severe and largely unexpected [1] stock market crash on Monday, October 19, 1987. Worldwide losses were estimated at US$1.71 trillion. [ 2 ]
The joint rises in realized money market instability and implied bond yield volatility quickly became apparent in Japan, which was the first of the G7 nations to see bond prices drop in 1994. In fact, Japan had already started seeing domestic yields fluctuate more rapidly just a month prior to the Fed's decision. [8]
The crash on October 19, 1987, Black Monday, was the climactic culmination of a market decline that had begun five days before on October 14. The DJIA fell 3.81% on October 14, followed by another 4.60% drop on Friday, October 16. On Black Monday, the DJIA plummeted 508 points, losing 22.6% of its value in one day.
Japan's benchmark Nikkei average closed 12.40% lower at 31,458. Wall Street looked to follow a global stock rout with Japanese shares at one point exceeding their 1987 "Black Monday" loss, as ...
Japan stocks confirmed a bear market on Monday as Asia-Pacific markets continued the sell-off from last week, with the Nikkei 225 and Topix dropping over 12%. ... for the index since the “Black ...
Japanese asset price bubble (1986–1992) Black Monday (1987) US stock market crash Savings and loan crisis (1986–1995) failure of 1,043 out of the 3,234 S&L banks in the U.S.
Japanese yen continued to be strengthened against US dollar, touching a new high of 128.25JPY/USD by December. [11] Nikkei 225 broke the 20,000 level mark by January 30, 1987, and recorded a new high of 26,118 on September 1, 1987. Nikkei 225 slipped back to 21,564 by December 28, 1987, due to economic uncertainties after the Black Monday of
Although now a relatively obscure event in history, it was commemorated by a mustering of the Mayor, Sheriffs and soldiers on the day as a challenge to the native tribes for centuries afterwards. [1] 13 April 1360 – Black Monday (1360), when inclement weather killed men and horses in the army of Edward III during the Hundred Years' War. [2]