KOSPI · April 17, 2000
Dot-com Crash — KOSPI
-11.63%
single-day change vs previous close
Part of a longer stretch
Korea's dot-com hangover
early in it · 2000-01-04 → 2001-09-17, -55.74% over the whole period
What happened that day?
- Friday 14 April 2000 — the Nasdaq broke sharply
- Korea's next session was Monday 17 April. KOSPI fell 11.63%
- Having no way to react over the weekend deepened it: two days of bad news priced in at a single open
- Korea had its own internet boom, centred on the KOSDAQ market
- Prices that had risen on expectation rather than earnings fell together once the same logic broke in the US
- Fell 38.06% from the 4 January peak to the 29 May trough — among the deepest on this list
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.