KOSPI · May 4, 2017
Five and a half years to the chip supercycle
+35.61%
trough back to the old high
1,384 trading days · 2011-09-26 → 2017-05-04
this undid the slide that began 2011-05-02
What happened that day?
- From the 26 September 2011 low to 4 May 2017 the KOSPI rose 35.61% — 1,384 trading days
- It undid the decline that began with the European debt crisis
- Five and a half years was slow because the index spent most of it stuck in a narrow range — the period Koreans called the box
- China's growth slowed and mainstays like shipbuilding and steel struggled, so nothing was pulling the index up
- From 2016 memory chip prices surged and that changed. Server and smartphone demand rose at the same time
- Semiconductor earnings lifted the whole index past its old high on 4 May 2017
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.