Nikkei 225 in 1997

The Nikkei 225 fell 21.2% in 1997, from 19,361 at the end of 1996 to 15,259. Its highest close was 20,681 on Jun 16, and its lowest 14,775 on Dec 29. The biggest one-day fall was −5.3% on Nov 19 and the biggest rise +8.0% on Nov 17.

Change in 1997

−21.2%

19,361 → 15,259

High

20,681

Jun 16

Low

14,775

Dec 29

Up days

121 of 246

longest run 6 up, 6 down

Below record

-60.8%

at the end of 1997

Nikkei 225, daily closes 1997

Numbers mark the events below

Key Events in 1997

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

1
Thursday, January 9 From the data

Enters a bear market: 20% below its peak of 22,667 (June 26, 1996).
2
Wednesday, July 2

Thailand floats the baht, starting the Asian financial crisis. Source

Nikkei 225: +0.1% that day · +0.8% a month later
3
Thursday, October 23

Hong Kong Monetary Authority raises overnight rates to defend the dollar peg as the Hang Seng slumps. Source

Nikkei 225: −3.0% that day · −5.5% a month later
4
Monday, November 17

Hokkaido Takushoku Bank collapses. Source

Nikkei 225: +8.0% that day · +6.0% a month later
5
Wednesday, November 19 From the data

Biggest one-day fall of the year: −5.3%.
6
Monday, November 24

Yamaichi Securities announces it will cease operations. Source

Nikkei 225: −5.1% next trading day (Nov 25) · −10.7% a month later

Biggest days of 1997

Best days		Worst days
Nov 17	+8.0%	Nov 19	−5.3%
Jan 13	+4.7%	Dec 19	−5.2%
Jan 22	+3.8%	Nov 25	−5.1%
Dec 17	+3.5%	Oct 28	−4.3%
Nov 27	+3.5%	Jan 10	−4.3%

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

Month by month

Month	Close	Change	High	Low
Jan	18,330	−5.3%	19,446	17,304
Feb	18,557	+1.2%	19,070	17,867
Mar	18,003	−3.0%	18,633	17,900
Apr	19,151	+6.4%	19,151	17,486
May	20,069	+4.8%	20,490	19,275
Jun	20,605	+2.7%	20,681	20,224
Jul	20,331	−1.3%	20,575	19,697
Aug	18,229	−10.3%	19,804	18,229
Sep	17,888	−1.9%	18,735	17,683
Oct	16,459	−8.0%	17,842	16,313
Nov	16,633	+1.1%	16,727	15,083
Dec	15,259	−8.3%	17,008	14,775

Other Markets in 1997

Change over the calendar year.

Market	Change	Year-end
Nikkei 225	−21.2%	15,259
Dow Jones Industrial Average in 1997	+22.6%	7,908.24
S&P 500 in 1997	+31.0%	970.43
Nasdaq Composite in 1997	+21.6%	1,570.35
Russell 2000 in 1997	+20.5%	437.02
Gold in 1997	−21.4%	$290.20
Silver in 1997	+25.4%	$5.98
WTI crude oil in 1997	−31.9%	$17.65
Brent crude oil in 1997	−33.6%	$15.86
US 10-year Treasury yield in 1997	−0.68 pp	5.75%

1990 1991 1992 1993 1994 1995 1996 1997 1998 1999

Nikkei 225 in 1997: FAQ

How much did the Nikkei 225 fall in 1997?

What were the highest and lowest closes of the Nikkei 225 in 1997?

Highest: 20,681 on June 16, 1997. Lowest: 14,775 on December 29, 1997. It closed higher on 121 of 246 trading days.

What happened to the Nikkei 225 on November 17, 1997?

Hokkaido Takushoku Bank collapses. The Nikkei 225 rose 8.0% that day, and was +6.0% 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.