Nikkei 225 · March 19, 1999
Back in a day
+4.20%
single-day change vs previous close
Part of a longer stretch
The IT rally
early in it · 1998-10-09 → 2000-04-12, +61.75% over the whole period
What happened that day?
- On 19 March 1999 the Nikkei 225 rose 4.2%
- It undid the previous day's fall. The market was swinging hard on a scale of days
- Foreign money was still arriving, so any dip was bought back quickly
- This is when Japan's market became heavily dependent on foreign buying
- No single trigger can be pinned to this day
- The dip was only 5.27% from the peak
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.