2024 stock market decline

In August 2024, financial markets experienced a decline.
Background
U.S. Department of Labor report
On 2 August, the United States Department of Labor published a report showing hiring significantly slowed in July. On 2 August, TOPIX experienced its worst two-day performance since the .
Decline
Japan
On August 5, the Nikkei 225 experienced a loss of 4,451.28 points (−12.4%), causing trading curb, and representing the largest one-day point decline in its history, surpassing the loss during Black Monday in October 1987. Stocks substantially rebounded early the following day.
South Korea
On August 5, South Korean KOSDAQ Index suffered a 11.30% decrease, lossing 88.5 points, triggering a trading curb.
Turkey
Turkish BIST 100 index suffered a decline of 6.72% at the opening on 5 August, triggering trading curb during the day.
United States
On 5 August, several significant technology stocks—Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla—collectively lost billion in market capitalization. Nvidia lost billion, marking one of the largest one-day market capitalization losses in U.S. history. The VIX, a measure of expected market volatility, briefly spiked as high as 65, compared to 17 a week prior, marking the highest level seen since the onset of the COVID-19 pandemic in 2020.

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