WhyItDropped

Nikkei 225 · June 13, 2016

Ten days before the vote

-3.51%

single-day change vs previous close

Part of a longer stretch

Two and a half years the world rose together

early in it · 2016-02-12 → 2018-10-02, +62.32% over the whole period

What happened that day?

  • On 13 June 2016 the Nikkei 225 fell 3.51%
  • Britain's referendum was ten days away, and polls had begun showing leave ahead
  • The market had been pricing remain. That assumption shook
  • Japan fell hard for the usual reason: global anxiety strengthens the yen, which squeezes exporters
  • A European question again took more than three percent off Japan's index
  • When the actual result came on 24 June, the fall was far larger
  • In this stretch the index was 14.91% 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.