Nikkei 225 · June 4, 2012
Europe's third wave
-19.11%
peak-to-trough, the whole slide
46 trading days · 2012-03-27 → 2012-06-04
back to the old high on 2012-12-27
What happened that day?
- From the high on 27 March 2012 to the low on 4 June, the Nikkei fell 19.11% over 46 trading days
- That spring the scale of losses at Spanish banks emerged and Europe's crisis flared for a third time
- Greece held two elections, and the possibility of it leaving the euro was openly discussed
- Nobody had ever worked out what happens if the euro breaks, so prices swung hard
- Japan was squeezed twice again, as money reducing risk crowded into the yen
- That July the head of the European Central Bank said he would do whatever it took, and the crisis settled
- This high was recovered in December that year, as Abenomics began
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.