Nikkei 225 in 1987

The Nikkei 225 rose 14.6% in 1987, from 18,821 at the end of 1986 to 21,564. Its highest close was 26,646 on Oct 14 — a record that stood until April 7, 1988, and its lowest 18,544 on Jan 13. The biggest one-day fall was −14.9% on Oct 20 and the biggest rise +11.4% on Oct 22.

Change in 1987

+14.6%

18,821 → 21,564

High

26,646

Oct 14

Low

18,544

Jan 13

Up days

140 of 245

longest run 8 up, 4 down

Record highs

closing records

Nikkei 225, daily closes 1987

Numbers mark the events below

Key Events in 1987

What happened, and how the Nikkei 225 moved — on the day (or the next trading day) and about a month later.

1
Friday, January 16 From the data

sets the first of 58 record closing highs this year, at 19,150.
2
Friday, January 30 From the data

closes above 20,000 for the first time (20,048).
3
Monday, February 9

NTT shares are listed on the Tokyo and other Japanese stock exchanges. Source

Nikkei 225: +0.1% that day · +7.9% a month later
4
Sunday, February 22

Major finance ministers sign the Louvre Accord to stabilize the dollar. Source

Nikkei 225: −0.7% next trading day (Feb 23) · +7.5% a month later
5
Wednesday, October 14 From the data

Last record close of the year: 26,646.
6
Monday, October 19

Black Monday: Dow falls 508 points (22.6%), its largest one-day percentage drop. Source

Nikkei 225: −2.4% that day · −13.8% a month later
7
Tuesday, October 20

Nikkei 225 falls 3,836 yen (14.9%), its largest single-day drop. Source

Nikkei 225: −14.9% that day · −12.0% a month later
8
Thursday, October 22 From the data

Biggest one-day rise of the year: +11.4%.
9
Wednesday, November 11 From the data

Enters a bear market: 20% below its peak of 26,646 (October 14, 1987). Bear market low: 21,037, 21.1% below the peak.

Biggest days of 1987

Best days		Worst days
Oct 22	+11.4%	Oct 20	−14.9%
Nov 13	+4.2%	Oct 23	−4.9%
Jul 24	+3.9%	Dec 28	−4.3%
Oct 30	+3.3%	Oct 26	−4.3%
Sep 28	+3.0%	Apr 27	−3.9%

Volatility: 27.8% (annualised standard deviation of daily changes).

Month by month

Month	Close	Change	High	Low
Jan	20,048	+6.5%	20,048	18,544
Feb	20,422	+1.9%	20,454	19,532
Mar	21,567	+5.6%	22,027	20,934
Apr	23,275	+7.9%	24,098	22,040
May	24,772	+6.4%	24,772	23,420
Jun	24,176	−2.4%	25,929	24,176
Jul	24,488	+1.3%	24,636	22,703
Aug	26,029	+6.3%	26,029	24,173
Sep	26,011	−0.1%	26,118	24,795
Oct	22,765	−12.5%	26,646	21,910
Nov	22,687	−0.3%	23,359	21,037
Dec	21,564	−4.9%	23,281	21,564

Other Markets in 1987

Change over the calendar year.

Market	Change	Year-end
Nikkei 225	+14.6%	21,564
Dow Jones Industrial Average in 1987	+2.3%	1,938.83
S&P 500 in 1987	+2.0%	247.08
Nasdaq Composite in 1987	−5.2%	330.50
Gold in 1987	+24.5%	$484.10
Silver in 1987	+26.9%	$6.70
WTI crude oil in 1987	−6.6%	$16.74
US 10-year Treasury yield in 1987	+1.60 pp	8.83%

1984 1985 1986 1987 1988 1989

Nikkei 225 in 1987: FAQ

How much did the Nikkei 225 rise in 1987?

What were the highest and lowest closes of the Nikkei 225 in 1987?

Highest: 26,646 on October 14, 1987. Lowest: 18,544 on January 13, 1987. It closed higher on 140 of 245 trading days.

What happened to the Nikkei 225 on October 20, 1987?

Nikkei 225 falls 3,836 yen (14.9%), its largest single-day drop. The Nikkei 225 fell 14.9% that day, and was −12.0% a month later.

Did the Nikkei 225 reach a record high in 1987?

Yes — 58 record closing highs, the last at 26,646 on October 14, 1987.

Data: Daily closes since Jan 1984 (Tokyo). Price index: dividends are not included. Inflation: US CPI-U. Events marked "From the data" are found automatically from the closing prices; the others are researched, with the source linked. Not investment advice.