KOSPI · October 20, 2000

The same-sized bounce, one month later

+6.01%

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 6.01% to close at 545.97. No single trigger for the day could be pinned down
A month earlier this market had risen by a similar amount. Yet the index level is lower now than it was then
That is the signature of a declining market: big up-days keep arriving while prices keep ending up lower
So the size of a daily gain tells you nothing about direction on its own. You have to ask where it is rising from
The episode fell 41.21% from the July high to the December low
The low was another two months away

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.