Nikkei 225 · September 28, 1981
The autumn US rates shook Tokyo
-4.43%
single-day change vs previous close
What happened that day?
- On 28 September 1981 the Nikkei 225 fell 4.43%
- US rates were at record levels and money from around the world was crowding into dollars
- When money leaves for America, other countries' shares and currencies are pressed down together
- Japan was holding up on exports, but a cooling world economy means fewer exports too
- No single trigger can be pinned to this day
- In this stretch the index was 12.25% below its peak
- It bounced straight back the following day
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.