KOSPI · January 2, 2014

The year that slipped from day one

-2.20%

single-day change vs previous close

Part of a longer stretch

Two years going nowhere

early in it · 2013-06-25 → 2015-04-23, +22.06% over the whole period

What happened that day?

The KOSPI fell 2.2% on the day, the first session of 2014
The US Fed began actually reducing its bond buying that January — the thing that had been signalled for months finally starting
The yen was weakening at the same time, worsening the terms for Korean firms competing with Japanese ones in cars and machinery
The KOSPI had been stuck in a narrow band for years by now, capped on the way up and held on the way down
Where earnings do not grow much, prices do not rise. This period shows that plainly
It broke out of the band with the semiconductor boom in the second half of 2016

Sources

KOSPI

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.