WhyItDropped

Nikkei 225 · October 20, 2014

A retrace after the drop

+3.98%

single-day change vs previous close

Part of a longer stretch

Two years of more easing

midway through · 2013-06-13 → 2015-06-24, +67.68% over the whole period

What happened that day?

  • On 20 October 2014 the Nikkei 225 rose 3.98%
  • World markets had shaken badly in mid-October, as Europe slowed and oil collapsed
  • A Fed official suggested the end of bond buying might be delayed, and the anxiety eased
  • This bounce turned into a much larger rise ten days later, when the Bank of Japan eased by surprise
  • No single trigger can be pinned to this day
  • The index had been 11.25% below its peak in this stretch

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.