KOSPI · January 28, 2009

Back from the lunar new year

+5.91%

single-day change vs previous close

Part of a longer stretch

Four months of testing the bottom twice

near the end of it · 2008-10-24 → 2009-03-02, +8.53% over the whole period

What happened that day?

The KOSPI rose 5.91% to close at 1,157.98. No single trigger for the day could be pinned down
The previous session was 23 January. This was the first day back after more than four days off for the lunar new year
Taking in everything that happened abroad during a break, all at once, widens the daily range
Around this time the United States was discussing setting bad assets aside under government management. World markets rose together on that kind of news
The episode fell 35.17% from the late-September 2008 high to the October low, and this day sits in the recovery after it
The real bottom for world markets was another six weeks away, in March

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 put together from the public record; where a specific source was consulted it is listed above.