Nikkei 225 · October 20, 1987
Black Monday in Tokyo
-14.90%
single-day change vs previous close
Part of a longer stretch
Black Monday in Tokyo
early in it · 1987-10-14 → 1987-11-11, -21.05% over the whole period
What happened that day?
- New York collapsed on 19 October — Tokyo had already closed
- The shock landed a day later, on 20 October. Nikkei 225 down 14.9%
- First vivid demonstration of markets falling like dominoes around the clock
- Asia opens, then Europe, then New York — each market pricing in the damage done by the one that closed before it
- Japan recovered faster than the US. Drawdown stopped at 21.05%
- Japanese equities then climbed toward record highs through end-1989. The real collapse came after
Sources
Every figure on this page is recomputed from the original daily closing prices and checked against them at build time. The account of what happened is written from the sources listed above.