Japanese stocks experienced their largest single-day rout since the infamous Black Monday in 1987, with the Nikkei index taking a nosedive on Monday. This sharp decline was attributed to the recent global sell-offs in stock markets, economic uncertainties, and fears of investments that were funded by a weakening yen being unwound.
Investors and analysts were left shocked by the magnitude of the sell-off, which saw the Nikkei plummeting amidst a wave of panic selling. The sudden downward spiral in Japan’s stock market sent ripples across the financial world, with concerns mounting about the stability of the global economy.
France 24’s business editor Bryan Quinn delved into the reasons behind this unprecedented collapse, shedding light on the factors that contributed to the Nikkei’s biggest rout in decades. The repercussions of this massive sell-off are expected to reverberate in the coming days, leading to increased volatility and uncertainty in the financial markets.
As Japan grapples with the aftermath of this significant downturn, investors and market participants are closely monitoring the situation, bracing for further turbulence and potential repercussions on the broader economy. The events unfolding in Japan serve as a stark reminder of the fragility of the global financial system and the interconnectedness of markets worldwide.
Watch the video by FRANCE 24 English
Video “Japan’s Nikkei sees biggest rout since 1987 Black Monday • FRANCE 24 English” was uploaded on 08/05/2024 to Youtube Channel FRANCE 24 English