March 15 2011 Third Largest Fall in Nikkei History
The Nikkei 225 stock index closed down 10.55 percent on Tuesday March 15, 2011, recovering from deeper losses earlier in the session, as the nation grappled with a crisis at an earthquake-damaged nuclear power plant and the aftermath of last week’s earthquake and tsunami.
It was the third steepest percentage fall in the Nikkei’s history.
At one point, the Nikkei plunged more than 1,390 points, or more than 14 percent, nearing the worst-ever plunge on October 20, 1987 when the index closed down 17.5 percent with a loss of 3,835 points, after the U.S. stock market crash on Black Monday and on October 16, 2008 when the Nikkei closed down 11.14 percent with a loss of 942 points, during the financial crisis.
The close at 8,605.15, combined with the 6.2 percent drop on Monday March 14, 2011, the first full trading day after the quake, marked a nearly 17 percent drop in two days.