KOSPI · October 9, 1998
A jump inside the post-IMF rally (9 Oct 1998)
+7.45%
single-day change vs previous close
Part of a longer stretch
Korea's post-IMF rebound
midway through · 1998-06-16 → 1999-04-27, +183.56% over the whole period
What happened that day?
- On 9 October 1998 the KOSPI rose 7.45% in a single day
- It falls inside the recovery that ran from the 16 June low
- In this stretch rate cuts, corporate restructuring and inbound foreign capital took turns as headlines and the market swung hard
- Surging one day and losing as much the next week was common — volatility itself was elevated right after the crisis
- No single trigger is pinned to this day
- Across this stretch the KOSPI nearly tripled by April 1999
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.