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- CBS telecasts The Wizard of Oz for the last time. Beginning in 1999, The Wizard of Oz will be shown on cable, and in 2002, 2003, 2004, and 2005 it will be telecast by the WB Television Network in addition to its cable showings.
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- India conducts 3 underground nuclear tests in Pokhran, including 1 thermonuclear device.
- The first euro coins are minted in Pessac, France. Because the final specifications for the coins were not finished in 1998, they will have to be melted and minted again in 1999.
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- Riots directed against Chinese Indonesians break out in Indonesia. Indonesian natives destroy and burn Chinese Indonesian-owned properties, however, most of the 1,000 people who died in the riots were the Javanese Indonesian looters who targeted the Chinese shops, not the Chinese themselves, since the looters were burnt to death in a massive fire.[1][2][3][4][5]
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- Suharto (elected 1967) resigns, after 32 years as President of Indonesia and his 7th consecutive re-election by the Indonesian Parliament (MPR). Suharto's hand-picked Vice President, B. J. Habibie, becomes Indonesia's third president.
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- Nuclear testing: In response to a series of Indian nuclear tests, Pakistan explodes 5 nuclear devices of its own in the Chaghai hills of Baluchistan, codenamed Chagai-I, prompting the United States, Japan and other nations to impose economic sanctions. Pakistan celebrates Youm-e-Takbir annually.
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