WhyItDropped

Nikkei 225 · September 9, 2015

Rebound after the China shock

+7.71%

single-day change vs previous close

Part of a longer stretch

The China shock

near the end of it · 2015-06-24 → 2015-09-29, -18.87% over the whole period

What happened that day?

  • On 9 September 2015 the Nikkei 225 rose 7.71% in a single day
  • It came after China's abrupt yuan devaluation in August had sent global markets down
  • The worry that China's slowdown might be worse than assumed shook all of Asia
  • In September, expectations of Chinese stimulus combined with talk of Japanese corporate tax cuts produced a sharp bounce
  • China is a large export market for Japan, so Tokyo reacts strongly to Chinese news
  • The China-driven unease ran on to February 2016 and shook markets several more times

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.