KOSPI · October 4, 2004
The autumn exports held up
+4.12%
single-day change vs previous close
Part of a longer stretch
Eleven months as domestic demand finally revived
early in it · 2004-08-02 → 2005-07-14, +47.57% over the whole period
What happened that day?
- The KOSPI rose 4.12% on the day
- September export figures showed a large rise on the year, led by chips and mobile phones
- That spring China had moved to cool its overheating and the KOSPI had slid into summer, bottoming in early August
- The export data confirmed that Chinese tightening was not as severe as feared, and the recovery began
- What marks this period is strong exports alongside weak domestic demand. Spending had not recovered in more than two years since the card losses
- The advance that began here ran to the following summer, carrying the KOSPI back through one thousand for the first time in sixteen years
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.