KOSPI · December 8, 2008
A jump inside the post-crisis rally (8 Dec 2008)
+7.48%
single-day change vs previous close
Part of a longer stretch
Four months of testing the bottom twice
midway through · 2008-10-24 → 2009-03-02, +8.53% over the whole period
What happened that day?
- On 8 December 2008 the KOSPI rose 7.48% in a single day
- It sits early in the recovery that began at the 24 October low
- In this stretch countries were cutting rates quickly and announcing stimulus one after another. The Bank of Korea made its largest ever cut
- No single trigger is pinned to this day. News of policy responses arrived daily, and days when several landed together produced large gains
- Across this recovery the KOSPI more than doubled by January 2011
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.