Nikkei 225 · November 13, 1987
After Black Monday, Tokyo got up first
+4.19%
single-day change vs previous close
Part of a longer stretch
Tokyo's fast recovery from Black Monday
early in it · 1987-11-11 → 1988-04-07, +27.25% over the whole period
What happened that day?
- The Nikkei rose 4.19% on the day — the second-largest single gain of this recovery
- **No single cause for that day has been pinned down.** What is established is that it sat at the start of a five-month recovery
- Three weeks earlier, on Black Monday, Tokyo had fallen by its largest single-day margin on record. It was also the market that came back fastest anywhere
- The reason was money. Japan was awash in domestic funds that went straight back into shares that had just got cheaper
- This recovery ran on into the final stretch of the late-1980s bubble. The Nikkei reached its all-time high two years later
- This stretch ran to the following April
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.