KOSPI · May 31, 2000
A big rise at the turn of the month
+5.88%
single-day change vs previous close
Part of a longer stretch
Korea's dot-com hangover
early in it · 2000-01-04 → 2001-09-17, -55.74% over the whole period
What happened that day?
- The KOSPI rose 5.88% to close at 731.88. No single trigger for the day could be pinned down
- The market was sliding 43.32% from its February high to its September low. This is a bounce inside that
- Month boundaries draw a cluster of repositioning trades — one reason daily ranges widen regardless of direction
- Through the spring of 2000 the American Nasdaq was breaking, and Korean internet shares fell with it
- From a low base, small good news moves prices a lot. That is not a change of direction
- The low was four months away, in September
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.