KOSPI · January 10, 2001

Giving back the surprise-cut rally

-4.93%

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?

10 January 2001 — the KOSPI fell 4.93%. No single cause for that one day could be pinned down
On 3 January the US Fed had cut rates at an unscheduled meeting. World markets jumped on it and Korea with them
Within a week much of that was handed back. A surprise cut signals help — and signals how bad things are
Korea was watching memory-chip prices fall fast at the time, with much of its exports riding on them
From the September 2000 high to the 10 April 2001 low the index fell 24.45%
Past that low, the recovery ran through the rest of the year

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.