WhyItDropped

KOSPI · April 26, 2010

Five more months of recovery

+14.94%

trough back to the old high

101 trading days · 2009-11-27 → 2010-04-26

What happened that day?

  • From the low on 27 November 2009 to the high on 26 April 2010, the KOSPI rose 14.94% over 101 trading days
  • The Dubai shock faded within weeks and the recovery resumed
  • Exports genuinely came back. Chip and car sales were passing their pre-crisis levels
  • Chinese demand carried this recovery. China's share of Korea's intermediate-goods exports grew sharply in this period
  • The KOSPI climbed close to its 2007 high across this stretch
  • The advance was cut off at the end of April as the Greek problem broke in Europe

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.