Nikkei 225 · January 20, 2020
The recovery that ended at COVID
+25.72%
trough back to the old high
254 trading days · 2018-12-25 → 2020-01-20
this undid the slide that began 2018-10-03
What happened that day?
- From the low on 25 December 2018 to the high on 20 January 2020, the Nikkei rose 25.72% over 254 trading days
- In 2019 the US Fed stopped raising and cut three times instead. It had turned
- The US–China trade dispute also eased with a first-phase deal in January 2020
- Japan raised its consumption tax again that October, but the shock was smaller than before
- COVID arrived right after this high. Within two months the index fell more than thirty percent
- You only know a top was a top after it has passed. That is the basic nature of a market
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.