Nikkei 225 · July 2, 2003
The year's best single day
+3.38%
single-day change vs previous close
Part of a longer stretch
Four years off the bottom
early in it · 2003-04-28 → 2007-07-09, +140.04% over the whole period
What happened that day?
- July 2, 2003 — the Nikkei 225 rose 3.38% to 9,592.24. No single cause for the day could be pinned down
- It was the third month of climbing off the April bottom
- Public money had gone into one large bank that spring, which erased the picture of the whole financial system going down
- Foreign money was coming in steadily — the case was simply that, after so long down, it was cheap
- It capped two straight gains and was the highest close since September 19 of the previous year
- It was the largest one-day gain of 2003
- The run held into the autumn
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.