On 24 August 2015, the Shanghai Composite fell 8.5% during the market crash known as China’s Black Monday.
The Shanghai Composite is a major Chinese benchmark that tracks shares listed on the Shanghai Stock Exchange. Its 8.5% drop was the largest one-day percentage decline in that index since 2007 and helped trigger sharp falls in markets around the world.
The episode followed a major Chinese equity sell-off that began in June 2015. Concerns included slowing economic growth, high valuations, heavy retail participation, and uncertainty surrounding China’s currency and economic policy. Chinese authorities introduced several measures to stabilize markets.
The event is sometimes confused with the 1997 Asian financial crisis or with the 1987 Black Monday. Those were separate episodes. The Shanghai Composite is also distinct from Hong Kong’s Hang Seng Index and the Shenzhen Composite.