The Shanghai Composite lost about 8.5% in one day during China’s 2015 stock-market crash.
The decline occurred on August 24, 2015, a day widely nicknamed Black Monday in Chinese market coverage. The Shanghai Composite fell 8.49%, its largest one-day percentage decline in several years. The drop came after a steep rise and fall in Chinese equities, which had been supported by abundant margin financing and strong retail-investor participation.
Concerns about China’s economic growth, currency policy, and the government’s attempts to stabilize share prices added to uncertainty. The sell-off spread internationally, contributing to sharp falls in other markets and a turbulent opening to the week.
The 2015 episode is separate from the 1997 Asian financial crisis and from the 2008 global financial crisis. It is also separate from China’s later 2016 circuit-breaker disruptions, although both episodes prompted debate about market controls and investor confidence.