Nikkei 225 · September 29, 2015
The China shock
-18.87%
peak-to-trough, the whole slide
65 trading days · 2015-06-24 → 2015-09-29
back to the old high on 2017-10-11
What happened that day?
- From the high on 24 June 2015 to the low on 29 September, the Nikkei fell 18.87% over 65 trading days
- China's stock market collapsed that summer. Shares bought by individuals on borrowed money were force-sold, deepening the fall
- In August China devalued the yuan without warning, read as a sign its economy was worse than admitted
- Japan fell hard because China is its largest trading partner. Machinery, materials and chemicals took it directly
- At the same time money reducing risk crowded into the yen, making it dearer again
- China's economy and the yen worked in the same direction, deepening the fall
- This high was not recovered until October 2017
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.