KOSPI · January 26, 2001

Back from a holiday, all at once

-5.69%

single-day change vs previous close

Part of a longer stretch

Korea's dot-com hangover

midway through · 2000-01-04 → 2001-09-17, -55.74% over the whole period

What happened that day?

The KOSPI fell 5.69% to close at 591.73. No single trigger for the day could be pinned down
The previous session was 22 January. This was the first day back after more than three days off for the lunar new year
Taking several days of news in one session widens the range. It is a recurring shape in this market
The episode fell 21.71% from the 22 January high to the April low — meaning that previous session was the starting point of the decline
World markets were emptying out the technology bubble, and Korea, heavy in chip exports, took the same flow
The low was two and a half months away, on 10 April

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.