KOSPI · October 4, 2001

Back above 500

+4.37%

single-day change vs previous close

Part of a longer stretch

Seven months that doubled the index

early in it · 2001-09-17 → 2002-04-18, +100.02% over the whole period

What happened that day?

October 4, 2001 — the KOSPI rose 4.37% to 500.64. No single cause for the day could be pinned down
This was the recovery leg off the September 17 low, as the fear that followed the attacks drained quickly
Central banks everywhere were cutting rates. The direction — flood it with money and absorb the shock — was clear
Coming back from a beaten-down level is wide. What September took was being recovered in weeks
It capped two straight gains, and took the index back above 500
It was still short of where it stood on September 11
The recovery held through the end of the 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 put together from the public record; where a specific source was consulted it is listed above.