Japanese stocks entered a bear market on Monday 5th August 2024 as the sell-off in Asia markets continued from the previous week. The Nikkei 225 fell over 12%
These benchmark indices have now declined more than 20% from their peak on 11th July 2024 – the index then touched 42000.
The Nikkei suffered over a 12% loss, closing at 31458, marking its worst performance since the ‘Black Monday’ of 1987. This drop of 4451 points is also the largest point loss in its history.
Year to date, the Nikkei has relinquished all its gains, shifting into a negative territory.
Nikkei one year chart
Nikkei one day chart – down 12.4% on the day a total of 4451 points
