KOSPI · May 6, 1999
Back up off the dip
+5.11%
single-day change vs previous close
What happened that day?
- On 6 May 1999 the KOSPI rose 5.11%
- It had come off the late-April dip and rejoined the uptrend
- Korea was in the middle of post-crisis restructuring, working through bad loans at banks and companies
- Prices rose anyway because the worst looked past — and because rates had fallen a long way
- With deposit rates collapsing, household money moved into stocks
- No single trigger can be pinned to this day
- The dip before it had been 14.18% from the peak
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.