Nikkei 225 · June 22, 2006
Where the spring correction ran out
+3.36%
single-day change vs previous close
Part of a longer stretch
Four years off the bottom
near the end of it · 2003-04-28 → 2007-07-09, +140.04% over the whole period
What happened that day?
- June 22, 2006 — the Nikkei 225 rose 3.36% to 15,135.69. No single cause for the day could be pinned down
- Markets everywhere had corrected that spring, as the trade of borrowing cheap money to buy risky assets unwound
- Part of that unwind was the expectation that the Bank of Japan would end its zero rate. The hike itself came that July
- The correction's low had been nine days earlier, on June 13. This was the day the bounce took hold
- It was the second largest one-day gain of the year and the highest close since June 6
- From April 7 to June 13 the episode ran -19.04%
- The index recovered it by year-end
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.