KOSPI · April 19, 1999
Another big up-day that was the top
+5.72%
single-day change vs previous close
Part of a longer stretch
Korea's post-IMF rebound
near the end of it · 1998-06-16 → 1999-04-27, +183.56% over the whole period
What happened that day?
- The KOSPI rose 5.72% to close at 766.59. No single trigger for the day could be pinned down
- This day was the high of the correction that followed — 9.26% down from here to late May
- In the ten months since the currency-crisis low, this market had nearly tripled
- Rates had fallen below pre-crisis levels and household money was moving out of deposits into shares
- Big up-days near a top are not unusual. The last money in is the most hurried
- The correction stayed shallow, and the index rose further into that summer
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.