KOSPI · December 30, 2002
A slump on the year's last session
-4.47%
single-day change vs previous close
Part of a longer stretch
Eleven months when the card bills came due
near the end of it · 2002-04-18 → 2003-03-17, -45.05% over the whole period
What happened that day?
- December 30, 2002 — the KOSPI fell 4.47% to 627.55. No single cause for the day could be pinned down
- It was the last session of the year, usually a quiet one. Not this time
- Days earlier North Korea had expelled the international monitors, reopening the nuclear question
- Abroad, the odds of a war over Iraq were being priced in. Two geopolitical risks landed in the same month
- It was the fifth straight decline and the lowest close since October 14
- It was the fourth largest one-day fall of the year
- From September 2 to March 17 the episode ran -31.48%. The turn came only once the war had started
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 put together from the public record; where a specific source was consulted it is listed above.