Nikkei 225 in 1993

The Nikkei 225 rose 2.9% in 1993, from 16,925 at the end of 1992 to 17,417. Its highest close was 21,148 on Sep 13, and its lowest 16,079 on Nov 29. The biggest one-day fall was −3.9% on Nov 29 and the biggest rise +5.2% on Mar 8.

Change in 1993

+2.9%

16,925 → 17,417

High

21,148

Sep 13

Low

16,079

Nov 29

Up days

123 of 246

longest run 7 up, 5 down

Below record

-55.2%

at the end of 1993

Nikkei 225, daily closes 1993

Numbers mark the events below

Key Events in 1993

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

1
Thursday, February 4

Bank of Japan cuts the official discount rate to 2.50%. Source

Nikkei 225: −0.2% that day · −2.3% a month later
2
Monday, March 8 From the data

Biggest one-day rise of the year: +5.2%.
3
Tuesday, September 21

Bank of Japan cuts the official discount rate to 1.75%. Source

Nikkei 225: +1.0% that day · −0.4% a month later
4
Friday, November 26 From the data

Enters a bear market: 20% below its peak of 21,148 (September 13, 1993).
5
Monday, November 29 From the data

Bear market low: 16,079, 24.0% below the peak. Biggest one-day fall of the year: −3.9%.
6
Wednesday, December 8

President Clinton signs the North American Free Trade Agreement Implementation Act. Source

Nikkei 225: −2.3% that day · +9.1% a month later

Biggest days of 1993

Best days		Worst days
Mar 8	+5.2%	Nov 29	−3.9%
Dec 1	+4.4%	Dec 20	−3.6%
Apr 13	+4.3%	Dec 6	−3.5%
Dec 9	+3.4%	Nov 22	−3.1%
Jan 28	+3.3%	Jun 21	−3.0%

Volatility: 20.5% (annualised standard deviation of daily changes).

Month by month

Month	Close	Change	High	Low
Jan	17,024	+0.6%	17,063	16,287
Feb	16,953	−0.4%	17,333	16,799
Mar	18,591	+9.7%	19,048	16,760
Apr	20,919	+12.5%	20,919	19,099
May	20,552	−1.8%	21,055	20,229
Jun	19,590	−4.7%	21,076	19,212
Jul	20,380	+4.0%	20,457	19,621
Aug	21,027	+3.2%	21,027	20,344
Sep	20,106	−4.4%	21,148	20,077
Oct	19,703	−2.0%	20,500	19,479
Nov	16,407	−16.7%	19,438	16,079
Dec	17,417	+6.2%	18,052	16,508

Other Markets in 1993

Change over the calendar year.

Market	Change	Year-end
Nikkei 225	+2.9%	17,417
Dow Jones Industrial Average in 1993	+13.7%	3,754.09
S&P 500 in 1993	+7.1%	466.45
Nasdaq Composite in 1993	+14.7%	776.80
Russell 2000 in 1993	+17.0%	258.59
Gold in 1993	+17.7%	$391.75
Silver in 1993	+39.4%	$5.12
WTI crude oil in 1993	−27.2%	$14.19
Brent crude oil in 1993	−26.2%	$13.18
US 10-year Treasury yield in 1993	−0.87 pp	5.83%

1990 1991 1992 1993 1994 1995 1996 1997 1998 1999

Nikkei 225 in 1993: FAQ

How much did the Nikkei 225 rise in 1993?

What were the highest and lowest closes of the Nikkei 225 in 1993?

Highest: 21,148 on September 13, 1993. Lowest: 16,079 on November 29, 1993. It closed higher on 123 of 246 trading days.

What happened to the Nikkei 225 on December 8, 1993?

President Clinton signs the North American Free Trade Agreement Implementation Act. The Nikkei 225 fell 2.3% that day, and was +9.1% a month later.

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.