KOSPI · January 3, 2011
Seven months back to a record
+32.63%
trough back to the old high
154 trading days · 2010-05-25 → 2011-01-03
What happened that day?
- From the low on 25 May 2010 to 3 January 2011, the KOSPI rose 32.63% over 154 trading days
- The KOSPI passed its 2007 record high in this stretch
- The US Fed began a second round of bond buying that autumn and money flowed heavily into emerging markets
- At home, chemicals, refining and cars led the advance. Rising Chinese demand lifted profits in those sectors sharply
- The concentration was strong enough that a shorthand term for those three sectors came into use
- Concentration like that does not last. Shares fell hard the following spring on Europe's second wave and the fight over America's credit rating
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 written from the sources listed above.