WhyItDropped

Nikkei 225 · September 12, 2024

Tokyo catches up to a New York rebound

+3.41%

single-day change vs previous close

Part of a longer stretch

From the carry unwind to tariffs

early in it · 2024-07-11 → 2025-04-07, -26.26% over the whole period

What happened that day?

  • September 12, 2024 — the Nikkei 225 rose 3.41% to 36,833.27. No single cause for the day could be pinned down
  • US chip names had jumped overnight. Tokyo followed the next morning
  • The yen's climb since August had also paused — a stronger yen eats exporter earnings
  • It broke four straight declines, and was the fourth largest one-day gain of the year
  • The close was the highest since September 4
  • The bounce lasted one session. The next day turned down again
  • The mark left by the early-August crash had still not been erased

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.