WhyItDropped

Nikkei 225 · June 10, 2013

A surge inside the crash

+4.94%

single-day change vs previous close

Part of a longer stretch

Abenomics' first crash

near the end of it · 2013-05-22 → 2013-06-13, -20.36% over the whole period

What happened that day?

  • On 10 June 2013 the Nikkei 225 rose 4.94%
  • It sat in the middle of the crash that began on 22 May, which took twenty percent off in three weeks
  • The faster a market falls, the larger its up days. With no settled direction, both sides move hard
  • Japan had risen more than eighty percent in six months, so there was little underneath the price
  • No single trigger can be pinned to this day
  • The low came three days later, on 13 June
  • The stretch was 20.36% 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.