Nikkei 225 · November 15, 2001
Two months after the attacks
+4.00%
single-day change vs previous close
Part of a longer stretch
September 11 and deflation
near the end of it · 2001-05-07 → 2002-02-06, -35.16% over the whole period
What happened that day?
- 15 November 2001 — the Nikkei 225 rose 4.00%. No single cause for that one day could be pinned down
- Prices were retracing the collapse that followed September's attacks in America. World markets were recovering together
- Central banks had cut rates and pushed out money in between. Much of why prices came back so fast sits there
- Japan's own situation was bad. Bank losses were still uncleared and prices in the economy were falling
- So the retracement did not hold. The index set its episode low again in early February the following year
- From the early-August high to the February 2002 low the index fell 24.02%
- The day of the attack and the day the market bottomed are not the same day. Prices decide where an episode ends
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.