Nikkei 225 · May 11, 2000
The tech bust arrives in Tokyo
-4.63%
single-day change vs previous close
Part of a longer stretch
The dot-com bust reaches Tokyo
early in it · 2000-04-12 → 2001-03-13, -43.27% over the whole period
What happened that day?
- On 11 May 2000 the Nikkei 225 fell 4.63%
- The Nasdaq had broken in March, and Japan topped out on 12 April and was sliding
- What had risen in Japan was telecoms and electronics too. The same story lifted prices everywhere, so they broke together
- On top of that, talk had started that the Bank of Japan would end zero rates. It did raise, that August
- The judgement that the timing of that hike was wrong has held ever since
- No single trigger can be pinned to this day
- In this stretch the index was 24.8% 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.