KOSPI · May 4, 2017
Twenty months that finally broke the range
+22.48%
trough back to the old high
418 trading days · 2015-08-24 → 2017-05-04
What happened that day?
- From the low on 24 August 2015 to 4 May 2017, the KOSPI rose 22.48% over 418 trading days
- From 2011 the KOSPI had moved only within a narrow band for years. It was stuck long enough to earn a nickname for it
- This is the stretch that broke through the top of that band, exceeding the 2011 high after six years
- Semiconductors made the breakout. Demand from servers and phones grew together and memory prices rose sharply
- The profits of that boom concentrated in a few large companies. The index was at a record while most shares were not
- Domestic politics were in turmoil through 2016, and the market barely reacted. Earnings outweighed politics
- The advance ran on into January of the following year
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.