Which stock index fell 8.48% on China’s Black Monday in August 2015?

The Shanghai Composite Index fell 8.48% on China’s Black Monday, August 24, 2015.

The Shanghai Composite tracks many companies traded on the Shanghai Stock Exchange. After a powerful rally, Chinese stocks began declining in June 2015. The sell-off intensified as investors worried about high valuations, slowing economic growth, falling commodity prices, and the government’s attempts to support the market.

On August 24, the index suffered its largest percentage fall in several years, while major markets around the world also dropped. The day became known internationally as Black Monday. Further volatility continued into 2016, prompting circuit breakers and other policy responses in China.

The event is distinct from the 1987 Black Monday, which describes the global crash on October 19, 1987. China’s 2015 turmoil centered on domestic equities and concerns about the country’s economic transition, although its effects spread through international markets.