Nikkei 225 · October 14, 2008
Tokyo's rebound on the coordinated rescue
+14.15%
single-day change vs previous close
Part of a longer stretch
The Lehman collapse
near the end of it · 2008-06-06 → 2008-10-27, -50.56% over the whole period
What happened that day?
- On 14 October 2008 the Nikkei 225 rose 14.15% in a single day
- The week before, it had fallen hard several days running. Fear that the financial system might stop was at its peak
- Over the weekend the UK, the US and major European governments announced together that they would inject capital into banks and guarantee bank debt
- Japanese banks had relatively little subprime exposure but had crashed anyway — panic does not check the details
- So when the panic cleared, the snap-back was just as large
- It was not the end, though. The Nikkei kept sliding until March 2009
Sources
Every figure on this page is recomputed from the original daily closing prices and checked against them at build time. The account of what happened is written from the sources listed above.