KOSPI · December 28, 1999
The millennium tech rally
+29.88%
trough back to the old high
60 trading days · 1999-10-05 → 1999-12-28
this undid the slide that began 1999-07-09
What happened that day?
- From the 5 October 1999 low to 28 December the KOSPI rose 29.88% — 60 trading days
- It undid the Daewoo-driven decline
- The government's bond market measures had calmed the financial panic, which set the base
- It also coincided with the global internet mania reaching its peak
- Venture listings came one after another in Korea, KOSDAQ went vertical, and the heat pulled the KOSPI up with it
- The old high returned on 28 December — and the heat started coming out two months later
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.