WhyItDropped

Nikkei 225 · October 25, 2018

October, when earnings frightened

-3.72%

single-day change vs previous close

Part of a longer stretch

The fourth-quarter selloff

early in it · 2018-10-02 → 2018-12-25, -21.07% over the whole period

What happened that day?

  • On 25 October 2018 the Nikkei 225 fell 3.72%
  • US technology results were arriving in bulk, and their outlooks were mostly cautious
  • Higher costs from tariffs and weaker Chinese demand were starting to show up in actual numbers
  • In Japan, chip equipment and electronic components take that directly
  • Days like this repeated through the fourth quarter, taking more than twenty percent off the index
  • No single trigger can be pinned to this day
  • In this stretch the index was 21.07% 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.