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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]
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 ...
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
Japan stocks confirmed a bear market on Monday as Asia ... The 12.4% loss on the Nikkei — which saw it close at 31,458.42 — was the worst day for the index since the “Black Monday” of 1987
The first known use of the phrase was attributed by a pair of writers in The New York Times to a 1998 Associated Press story, "Black Monday for NFL Coaches". [12] The term is also sometimes used in reference to the day following the annual NFL Draft where players' contracts may be terminated once new players are added to a roster.
The day still lives in the institutional memory of the Federal Reserve, the NYSE, and similar organizations in Japan, Germany, and other countries around the world. Its impact on popular culture is reflected in Black Monday (TV series). § Lingzhi 21:52, 18 April 2023 (UTC)
Black Monday (Malta), 15 October 1979, ransacking of the Progress Press following a Labour Party rally; Black Monday (1987), a global stock market crash; Black Monday (September 2008), in the 2007–2008 financial crisis; Black Monday (2011), a US and global stock market crash; Black Monday (China), a 2015–2016 Chinese stock market turbulence