Nikkei 225 · July 11, 2016
Stimulus hopes the day after the election
+3.98%
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 11 July 2016 the Nikkei 225 rose 3.98%
- Japan had held upper house elections the day before and the ruling party won comfortably
- The reasoning spread that a large stimulus package would follow. One duly arrived that August
- The index had fallen hard on the Brexit shock, so the retrace was large too
- When politics settles, policy becomes predictable — which means the market can price it
- In this stretch the index was 14.91% below its peak
- This bounce was part of the run that carried to October 2018
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.