WhyItDropped

Nikkei 225 · December 27, 2018

Two days off the bottom

+3.88%

single-day change vs previous close

Part of a longer stretch

The recovery that ended at COVID

early in it · 2018-12-25 → 2020-01-20, +25.72% over the whole period

What happened that day?

  • On 27 December 2018 the Nikkei 225 rose 3.88%
  • Two days earlier, 25 December, had been the low of the stretch, with the index down more than five percent
  • In between, US markets surged nearly five percent in a day, after strong holiday spending data
  • Hopes were also forming that the Fed would slow its hikes. It did turn the following year
  • A surge right after a crash comes once the sellers are gone
  • The stretch had been 21.07% from the peak
  • The recovery that began here ran until just before COVID

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.