Nikkei 225 · March 14, 2014
Crimea and China at once
-3.30%
single-day change vs previous close
Part of a longer stretch
Two years of more easing
midway through · 2013-06-13 → 2015-06-24, +67.68% over the whole period
What happened that day?
- On 14 March 2014 the Nikkei 225 fell 3.3%
- A referendum on joining Russia was scheduled in Crimea that weekend, and nobody could see past it
- At the same time Chinese production and investment data came in worse than expected
- China is Japan's largest trading partner. When it slows, machinery and materials orders fall first
- Add geopolitical tension and the yen strengthens, so Japan is squeezed twice again
- The trigger for this day is two things landing together
- In this stretch the index was 14.62% 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.