Nasdaq · May 13, 2019
The day China hit back with tariffs
-3.41%
single-day change vs previous close
What happened that day?
- On 13 May 2019 the Nasdaq fell 3.41%
- Three days earlier the US had sharply raised the tariff rate on Chinese goods
- That day China announced tariffs of its own on American products
- Until then the market had assumed a deal was close. What hurt was that the assumption broke
- Technology fell hardest. Chips and phones are built in China and sold to China
- The fight ran through the rest of the year, and a first-phase deal only came the following January
- In this stretch the index was 10.18% below its 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.