WhyItDropped

Nikkei 225 · November 13, 1990

The bounce finding its feet

+4.54%

single-day change vs previous close

Part of a longer stretch

The first bounce

early in it · 1990-10-01 → 1991-03-18, +34.25% over the whole period

What happened that day?

  • On 13 November 1990 the Nikkei 225 rose 4.54%
  • The rebound that started at the October low was still running
  • Oil had begun coming down off its high, which sat underneath it
  • The Bank of Japan had also stopped raising. August had been the last hike
  • No single trigger can be pinned to this day
  • The rebound ran to March the following year and ended up 34.25%

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.