Nikkei 225 · November 10, 2008
A jump during the crisis (10 Nov 2008)
+5.81%
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?
- On 10 November 2008 the Nikkei 225 rose 5.81% in a single day
- It sits in the stretch of the Nikkei's long decline where the financial crisis did the most damage
- Around then China announced a huge stimulus package and countries were cutting rates, so the market jumped often
- Big up-days actually cluster in crashes — the greater the fear, the greater the snap-back
- No single trigger is pinned to this day
- The Nikkei's low came four months later on 10 March 2009
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.