Nikkei 225 · September 26, 1990
The last drop before the bottom
-4.75%
single-day change vs previous close
Part of a longer stretch
The bubble's first leg down
near the end of it · 1989-12-29 → 1990-10-01, -48.04% over the whole period
What happened that day?
- On 26 September 1990 the Nikkei 225 fell 4.75%
- It was three sessions before the low on 1 October
- The last days of a slide are usually the steepest, because the holdouts finally change their minds
- Over these nine months the index fell 48.04% from its peak — nearly half of it gone
- No single trigger can be pinned to this day
- In this stretch the index was 39.08% below its peak
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.