KOSPI · September 22, 2009
What seven months off the bottom recovered
+68.71%
trough back to the old high
144 trading days · 2009-03-02 → 2009-09-22
What happened that day?
- From the low on 2 March 2009 to the high on 22 September, the KOSPI rose 68.71% over 144 trading days
- The recovery was faster than in most countries. Korea regained close to its pre-crisis level within the year
- One reason was the exchange rate. The won had weakened sharply in the crisis, making exports relatively cheap
- China's large stimulus programme mattered too. Orders for the intermediate goods Korea sells came back quickly
- Central banks everywhere were supplying money at the same time. It was a period for risky assets, and Korea is classed as an emerging market
- Everyday life recovered much later. Share prices and the felt economy diverged widely in this period
- Shares slipped for about two months from late September before rising again
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.