Nikkei 225 · May 7, 2009
Ahead of the bank stress tests
+4.55%
single-day change vs previous close
Part of a longer stretch
A year off the crisis low
early in it · 2009-03-10 → 2010-04-05, +60.73% over the whole period
What happened that day?
- On 7 May 2009 the Nikkei 225 rose 4.55%
- The US was examining its large banks' soundness together and had decided to publish the results
- Publishing mattered more than the examination. The lasting problem was that nobody knew how bad the banks were
- When you do not know, you assume the worst. Publishing the numbers at least fixes the size
- Bank shares rose sharply once the results came out
- No single trigger can be pinned to this day
- The dip before it was only 3.7% from the 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.