KOSPI · December 19, 1996
A bounce one year before the crisis
+4.47%
single-day change vs previous close
What happened that day?
- On 19 December 1996 the KOSPI rose 4.47%
- 1996 was a bad year for the index. Semiconductor prices collapsed and exports wobbled with them
- Trade deficits were building, and companies leaned heavily on foreign money borrowed short
- A bounce standing on that ground could not last
- No single trigger can be pinned to this day
- In this stretch the index was 13.29% below its peak
- The currency crisis arrived at the end of the following year and the index halved
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.