Nikkei 225 · June 13, 2013

The bottom of Abenomics' first correction

-6.35%

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?

The Nikkei 225 fell 6.35% on the day — the bottom of this correction
In the three weeks since the 22 May high the index had lost more than a fifth, giving back part of a near-doubling over six months
The trigger was America. World markets shook when the Fed said it might reduce its bond buying
It hit Japan hardest because of the yen. Higher US rates normally weaken the yen, but here positions funded by borrowed yen were unwound and the yen strengthened instead
The whole Abenomics advance rested on a weaker yen, so prices fell back fast once that premise moved
Shares rose again from here into June 2015, helped by the Bank of Japan sharply enlarging its purchases that April

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.