KOSPI · July 14, 2005

Eleven months as domestic demand finally revived

+47.57%

trough back to the old high

237 trading days · 2004-08-02 → 2005-07-14

What happened that day?

From the low on 2 August 2004 to 14 July 2005, the KOSPI rose 47.57% over 237 trading days
In this stretch the KOSPI passed the one thousand level again, a mark it had failed to hold since 1989
As the card losses were cleared, domestic spending began to revive. Demand that had been poor for more than two years finally returned
Regular monthly savings into funds brought domestic household money steadily into the market. Until then Korean shares had been driven largely by foreign flows
Money arriving on a fixed schedule keeps buying even as prices fall. The character of the market itself changed here
The advance continued beyond this phase and ran into 2007
This is the final stretch of the recovery from the dot-com collapse

Sources

KOSPI

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.