Nikkei 225 · September 29, 1981
Back the very next day
+4.56%
single-day change vs previous close
What happened that day?
- On 29 September 1981 the Nikkei 225 rose 4.56%
- It came right after a fall of more than four percent, and the view spread that it had gone too far
- A jump the day after a drop is ordinary. Sellers are out, so everyone crowds the other way
- What had shaken the market was America's extreme rates, and that did not change in a day
- No single trigger can be pinned to this day
- In this stretch the index was 12.25% below its peak
- Japan's market only started rising in earnest the following year
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.