KOSPI · July 14, 2005
Four years back from the dot-com bust
+126.54%
trough back to the old high
942 trading days · 2001-09-17 → 2005-07-14
this undid the slide that began 2000-01-04
What happened that day?
- From the 17 September 2001 low to 14 July 2005 the KOSPI rose 126.54% — 942 trading days
- It undid the decline that ran from the dot-com bust through 9/11
- The climb was not smooth. The 2003 credit card crisis knocked it down hard in the middle
- Card issuers had handed out cards without checking whether people could repay. Mass delinquency followed and spending froze
- After that came the China boom, and shipbuilding, steel and chemicals grew earnings sharply
- Regular monthly fund subscriptions became popular and retail money flowed in steadily. The old high returned on 14 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.