Nikkei 225 · November 25, 2008

Catching up on a long weekend

+5.22%

single-day change vs previous close

Part of a longer stretch

Japan's lost decades

near the end of it · 1989-12-29 → 2009-03-10, -81.87% over the whole period

What happened that day?

The Nikkei rose 5.22% to close at 8,323.93. No single trigger for the day could be pinned down
The previous session had been Friday 21 November. Tokyo was shut on Monday the 24th for Labour Thanksgiving Day
Over those three days, government support for a large American commercial bank was announced and New York rose sharply two sessions running
A market returning from a break absorbs all of it at once. That is why the move is large
But the episode was on its way to a 47.47% fall from the August high to the March low. This is a bounce inside it
In a financial crisis the market jumps on every rescue. Then the next problem arrives

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 put together from the public record; where a specific source was consulted it is listed above.