KOSPI · September 13, 2001

The day after Korea's second-worst session

+4.97%

single-day change vs previous close

Part of a longer stretch

Korea's dot-com hangover

near the end of it · 2000-01-04 → 2001-09-17, -55.74% over the whole period

What happened that day?

13 September 2001 — the KOSPI rose 4.97%
The previous session, 12 September, had lost a double-digit percentage in one day — still the second-largest single day in KOSPI history
The attacks happened on the morning of 11 September, American time. That was night in Korea, so 12 September was the first session this market could react in
This bounce came from the sense that the fall had been too much. There was no new information
US markets were closed. With no reference price, only Asia was trading
The bounce did not hold. The episode low came four days later on 17 September, the day New York reopened
From the late-May high to the 17 September low the index fell 25.83%

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.