KOSPI · April 18, 2002

Seven months that doubled the index

+100.02%

trough back to the old high

142 trading days · 2001-09-17 → 2002-04-18

What happened that day?

From the low on 17 September 2001 to the high on 18 April 2002, the KOSPI rose 100.02% over 142 trading days
The index doubled in seven months, among the fastest advances in KOSPI history
The heaviest fall after the attacks in the US came on 12 September. 17 September was the closing low that followed it
The starting point was countries cutting rates and supplying money all at once
At home a policy of greatly expanding credit card use came on top of it. Spending revived quickly and domestic-demand shares rose sharply
That policy led, a few years later, to a surge in people unable to repay their card balances
After this high, shares fell for close to a year

Sources

KOSPI

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.