KOSPI · November 27, 2000
Hope that the clean-up was ending
+4.37%
single-day change vs previous close
Part of a longer stretch
Korea's dot-com hangover
midway through · 2000-01-04 → 2001-09-17, -55.74% over the whole period
What happened that day?
- November 27, 2000 — the KOSPI rose 4.37% to 554.04. No single cause for the day could be pinned down
- That autumn Korea was sorting companies into those to save and those to wind up, and the list looked close to settled
- Prices rise on that alone — not because the outcome is good, but because it is decided
- It capped two straight gains and was the highest close since November 16
- Abroad, US tech was collapsing and the presidential result was still undecided. That side was stronger
- The bounce did not last three days. The next three sessions all fell
- From August 16 to December 22 the episode ran -33.35%
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.