Nikkei 225 · October 11, 2001
A month on from the attacks
+3.83%
single-day change vs previous close
Part of a longer stretch
September 11 and deflation
midway through · 2001-05-07 → 2002-02-06, -35.16% over the whole period
What happened that day?
- 11 October 2001 — the Nikkei 225 rose 3.83%. No single cause for that one day could be pinned down
- Prices had been coming back since the 17 September low, with world markets recovering together
- Central banks had cut rates and pushed out money in between. Much of why prices returned so fast sits there
- Japan's own position was bad: bank losses uncleared and prices in the economy falling
- So this retracement did not hold either. The episode low came in early February the following year
- From the late-June high to the February 2002 low the index fell 27.78%
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.