KOSPI · November 28, 2001
A give-back in the recovery
-5.68%
single-day change vs previous close
Part of a longer stretch
Seven months that doubled the index
midway through · 2001-09-17 → 2002-04-18, +100.02% over the whole period
What happened that day?
- On 28 November 2001 the KOSPI fell 5.68% in a single day
- The index had risen very steeply in the two months since the September low
- A fast run invites selling to lock in gains, and this was one of those days
- US tech falling contributed too, with forecasts that the semiconductor recovery would be slower than hoped
- The larger trend was still up — this period was the start of the post-dot-com recovery
- The KOSPI regained its old high in 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.