Nikkei 225 · May 6, 1999
Up after the holiday
+3.59%
single-day change vs previous close
Part of a longer stretch
The IT rally
midway through · 1998-10-09 → 2000-04-12, +61.75% over the whole period
What happened that day?
- On 6 May 1999 the Nikkei 225 rose 3.59%, right after Japan's long spring holiday
- When overseas markets rise during a holiday, the whole move lands on the first session back
- This was a period when technology was rising worldwide
- In Japan too, telecom carriers and electronic component makers pulled the index up
- No single trigger can be pinned to this day
- In this stretch the index was 7.68% below its 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.