KOSPI · June 16, 2020
Recovered in a single day
+5.28%
single-day change vs previous close
Part of a longer stretch
Korea's COVID rebound
midway through · 2020-03-19 → 2020-11-23, +78.55% over the whole period
What happened that day?
- The KOSPI rose 5.28% on the day, undoing the previous session's fall in one go
- There was no single large piece of news, beyond a strong US retail sales figure
- What marks this period is here — buyers were waiting for any dip
- With central banks everywhere still supplying money, a lower price was itself a reason to buy
- In a market like that, bad news does not stay in the price long. A day is enough to absorb it
- But the structure rested on the money continuing, and that premise broke in 2022
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.