Nikkei 225 · December 1, 1993
Two days off the low
+4.38%
single-day change vs previous close
Part of a longer stretch
A bounce on reform hopes
early in it · 1993-11-29 → 1994-06-13, +34.05% over the whole period
What happened that day?
- On 1 December 1993 the Nikkei 225 rose 4.38%
- Two days earlier, on 29 November, this stretch had found its low, nearly twenty-four percent down in two and a half months
- Power had changed hands that summer for the first time in thirty-eight years, and the market expected tax cuts and deregulation
- When hope attaches to a market that has fallen far, the retrace is steep
- No single trigger can be pinned to this day
- In this stretch the index was 23.97% 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.