Nikkei 225 · April 19, 2016
April, with easing hopes attached
+3.68%
single-day change vs previous close
Part of a longer stretch
Two and a half years the world rose together
early in it · 2016-02-12 → 2018-10-02, +62.32% over the whole period
What happened that day?
- On 19 April 2016 the Nikkei 225 rose 3.68%
- Expectations had spread that the Bank of Japan would expand its easing at that month's meeting
- With the yen strengthening and earnings forecasts weakening, it seemed a reasonable bet
- A price lifted by the expectation of easing gives it all back when the expectation misses
- Ten days later the Bank of Japan did nothing, and the index fell hard
- No single trigger can be pinned to this day
- In this stretch the index was 21.44% 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.