China’s 2015 stock-market crash produced its widely reported Black Monday on August 24, 2015.
Chinese shares had risen dramatically during the previous year, encouraged by easier credit and strong retail-investor participation. The Shanghai Composite then entered a steep decline, prompting concerns about economic growth, corporate debt, and the government’s market interventions.
On August 24, the Shanghai Composite fell 8.49%, its largest one-day percentage decline since 2007. The sell-off spread through global markets, with major indexes in Europe and the United States also recording sharp losses.
The turmoil continued into 2016, so August 24 was not the end of the episode. It is called Black Monday because it was the most dramatic single day in the international phase of that market sell-off.