Nikkei 225 · July 26, 2002
A stronger yen breaks Tokyo
-3.41%
single-day change vs previous close
Part of a longer stretch
The twenty-year low
early in it · 2002-05-23 → 2003-04-28, -36.49% over the whole period
What happened that day?
- July 26, 2002 — the Nikkei 225 fell 3.41% to 9,591.03. No single cause for the day could be pinned down
- The yen had climbed to its strongest level of the year, cutting exporter earnings forecasts straight away
- In the US, distrust of large companies' books was still running — a US telecom had filed for bankruptcy that same week
- It was the third straight decline and the lowest close since February 7
- It was the third largest one-day fall of the year
- From May 23 to November 14 the episode ran -30.69%
- The next two sessions bounced. From August the slide resumed
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.