Nikkei 225 · September 4, 2024
America's chip selloff lands in Tokyo
-4.24%
single-day change vs previous close
Part of a longer stretch
From the carry unwind to tariffs
early in it · 2024-07-11 → 2025-04-07, -26.26% over the whole period
What happened that day?
- 4 September 2024 — the Nikkei 225 fell 4.24%
- The night before, America's flagship AI-chip stock broke down. Its one-day loss of market value was the largest on record at the time
- US manufacturing data released the same day was weak — read as a cooling economy
- Tokyo took it the following morning. The US closes before Asia opens
- A stronger yen piled on. When the yen rises, exporters' earnings shrink and the index gets pressed
- The market had only just recovered from the early-August yen-carry unwind, so it was jumpy
- From the 11 July high to the 5 August low the index fell 25.50%
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 put together from the public record; where a specific source was consulted it is listed above.