WhyItDropped

Nikkei 225 · November 26, 2001

A weaker yen lifts Tokyo

+3.44%

single-day change vs previous close

Part of a longer stretch

September 11 and deflation

near the end of it · 2001-05-07 → 2002-02-06, -35.16% over the whole period

What happened that day?

  • November 26, 2001 — the Nikkei 225 rose 3.44% to 11,064.30. No single cause for the day could be pinned down
  • The yen had been weakening steadily. Fatter exporter earnings were priced first
  • Wall Street, pressed down since September, had been recovering through November
  • It capped three straight gains, and was the highest close since August 28
  • The bounce was short. Two sessions later, on November 28, it gave much of it back
  • From August 2 to February 6 the episode ran -24.02%. This rise sat inside it

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.