Nikkei 225 · March 13, 2009
Three days off the bottom
+5.15%
single-day change vs previous close
Part of a longer stretch
A year off the crisis low
early in it · 2009-03-10 → 2010-04-05, +60.73% over the whole period
What happened that day?
- On 13 March 2009 the Nikkei 225 rose 5.15%
- Three days earlier, 10 March, was the low point of the entire lost decades — back at 1982 levels
- Governments were injecting capital into banks and cutting rates to near zero, and the view spread that the worst had passed
- A surge right off a bottom comes after the sellers are gone. Buying back alone moves the price a long way
- No single trigger can be pinned to this day
- The run that began here carried to April the following year and finished up 60.73%
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.