Nikkei 225 · September 19, 2008
The morning after Washington said it would buy the bad assets
+3.76%
single-day change vs previous close
Part of a longer stretch
The Lehman collapse
near the end of it · 2008-06-06 → 2008-10-27, -50.56% over the whole period
What happened that day?
- 19 September 2008 — the Nikkei 225 rose 3.76%
- Late in the previous US session, word spread that the Treasury was preparing to buy banks' bad assets outright. Tokyo took it the next morning
- It was the fourth day after Lehman Brothers collapsed, in a week where every day was a crisis
- Around the same time the major central banks expanded the facilities for lending each other dollars, to stop the dollar drying up
- Short selling of financial stocks was also restricted — betting on the downside was sealed off for a while
- Prices rose not because things had improved but because a signal arrived that governments would not let go
- From the June high to the 27 October low the index fell 50.56%. This bounce was one day inside that
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.