KOSPI · February 14, 2002
A jump inside Korea's recovery (14 Feb 2002)
+7.64%
single-day change vs previous close
Part of a longer stretch
Seven months that doubled the index
near the end of it · 2001-09-17 → 2002-04-18, +100.02% over the whole period
What happened that day?
- On 14 February 2002 the KOSPI rose 7.64% in a single day
- It sits early in the recovery that ran from the September 2001 low to July 2005
- Rate cuts and reviving consumption were lifting earnings at domestic-facing companies fast
- Much of that spending was on credit cards, though, and that problem broke open the following year
- No single trigger is pinned to this day
- Across this recovery the KOSPI more than doubled by 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.