KOSPI · September 20, 2000

A September bounce in the year the bubble emptied

+6.11%

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?

The KOSPI rose 6.11% to close at 606.08. No single trigger for the day could be pinned down
The market was sliding 41.21% from its July high to its December low. This is a bounce inside that
Money that had crowded into internet companies was draining away, hardest on the junior market
From a low base, small good news moves prices a lot — there is less stock left to sell into it
Reading a day like this as the start of a recovery is usually wrong. The direction had not changed; the speed had paused
The low did not arrive for another three months, in December

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.