KOSPI · September 27, 2011
Expecting a plan to arrive
+5.02%
single-day change vs previous close
Part of a longer stretch
Six months after money reached Europe's banks
early in it · 2011-09-26 → 2012-04-03, +24.00% over the whole period
What happened that day?
- The KOSPI rose 5.02% on the day. The previous session, 26 September, had been the bottom of this decline
- Word spread that Europe would greatly enlarge its rescue fund
- The market of this period rose and fell on the calendar of European summits — up on hope beforehand, back down afterwards when the substance fell short
- The actual resolution had to wait until the ECB president's remark the following summer
- Until then, this cycle of hope and disappointment was the market's basic rhythm
- The rebound that began at this bottom did run on to April of the next year, though
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.