Nikkei 225 · November 20, 2008

November 2008 relapse

-6.89%

single-day change vs previous close

Part of a longer stretch

Japan's lost decades

near the end of it · 1989-12-29 → 2009-03-10, -81.87% over the whole period

What happened that day?

On 20 November 2008 the Nikkei 225 fell 6.89% in a single day
The coordinated rescue had produced a bounce in late October, but November's real-economy data pushed the market back down
Japan's exports lean on cars and electronics, so falling world demand lands immediately
The yen kept strengthening as well, shrinking the yen value of overseas earnings
Fears that US carmakers might fail shook Japanese parts suppliers too
The Nikkei's low came in March 2009, and the high from before this decline returned in February 2015

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.