Nikkei 225 · March 18, 1999
A give-back into the book close
-3.38%
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 18 March 1999 the Nikkei 225 fell 3.38%
- It had risen fast since the zero-rate move in February, and selling arrived to take that back
- Trades to lock in gains before the end-March book close were mixed in
- No single trigger can be pinned to this day
- The dip was only 4.63% from the peak
- It bounced straight back the next day
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.