KOSPI · September 17, 2001
Korea's dot-com hangover
-55.74%
peak-to-trough, the whole slide
416 trading days · 2000-01-04 → 2001-09-17
back to the old high on 2005-07-14
What happened that day?
- From the January 2000 peak to the September 2001 low the KOSPI fell 55.74% — 416 trading days
- Korea's venture boom peaked in 1999. A KOSDAQ listing alone could multiply a share price several times over
- When the US Nasdaq began collapsing in March 2000, Korean internet stocks went with it
- The country had only just climbed out of the IMF crisis, so the blow landed on an economy that had not got its strength back
- Near the end of the slide, the 11 September 2001 attacks in the US pushed it down one last time
- The rebound off that low ran long. The old high returned on 14 July 2005
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.