Nikkei 225 · January 13, 1997
Retraced in three days
+4.71%
single-day change vs previous close
Part of a longer stretch
When the banks themselves failed
early in it · 1996-06-26 → 1998-10-09, -43.18% over the whole period
What happened that day?
- On 13 January 1997 the Nikkei 225 rose 4.71%
- It undid the fall from three days earlier
- The market was swinging on whether a bank rescue would come, on a scale of days
- A market moving on policy hopes has no settled direction until the policy actually arrives
- No single trigger can be pinned to this day
- In this stretch the index was 19.94% below its peak
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.