KOSPI · June 15, 2020

A slide on fear of a second wave

-4.76%

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 fell 4.76% on the day
Cases were reported rising again across several US states, not long after lockdowns had been lifted
It also followed three months of rising without pause from the March bottom, so the market was looking for a reason to give something back
The advance of this period came from the money governments had put out, not from a better economy. That is why one piece of pandemic news moved it so much
The setback lasted a single day. It was recovered the very next session
It shows how short-lived such dips are while the money keeps flowing

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.