WhyItDropped

Nikkei 225 · November 6, 2000

A bounce thirty percent down

+3.60%

single-day change vs previous close

Part of a longer stretch

The dot-com bust reaches Tokyo

midway through · 2000-04-12 → 2001-03-13, -43.27% over the whole period

What happened that day?

  • On 6 November 2000 the Nikkei 225 rose 3.6%
  • It was already nearly thirty percent below the April high
  • The fall had started in technology and was spreading into other sectors
  • There was also talk that the Bank of Japan would reverse the August hike
  • No single trigger can be pinned to this day
  • In this stretch the index was 30.22% below its peak
  • The low of the stretch came the following March

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.