KOSPI · August 30, 2019
The summer the damage was smaller than feared
+1.78%
single-day change vs previous close
Part of a longer stretch
The five months before the pandemic
early in it · 2019-08-07 → 2020-01-22, +18.72% over the whole period
What happened that day?
- The KOSPI rose 1.78% on the day. 7 August had been the bottom of this decline
- Two months into Japan's export curbs, the feared disruption to production had not appeared
- Korean firms found alternative suppliers and began localising some materials. The restriction had, in effect, forced the supply chain to diversify
- Hopes were also building that US-China trade talks would resume
- One lesson came out of this period — concentrating supply in a single country is itself a risk
- The recovery that began at this bottom ran to January 2020, and was then cut off by the pandemic
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.