KOSPI

KOSPI ( 코스피 지수 ) is a South Korean stock index, which tracks the market capitalization on the Korea Exchange Korea Exchange ( KRX ) listed companies. KOSPI stands for Korea Composite Stock Price Index and has been used since 1983. It is defined so that the index would have adopted on January 4, 1980 the value 100.

Calculation

The KOSPI is a price index in which all public companies in Korea Exchange ( KRX ) are listed. It reflects the development of the entire South Korean stock market. The Index will be determined solely on the basis of share prices and adjusted only to income from subscription rights and special. The weighting is based on the market capitalization of the companies listed. Corporate actions such as stock splits have no ( distorting ) influence on the index. The calculation is updated every second during the KRX trading from 09:00 bis 15:00 clock clock local time ( 01:00 bis 07:00 clock clock CET).

History

20th century

The KOSPI was first published in 1983 and back-calculated to 31 December 1975 to an index value of 89.73 points. On August 19, 1987, the South Korean leading index closed at 500.73 points for the first time on the 500 - point mark on 31 March 1989 with 1003.31 points for the first time above the limit of 1,000 points. On April 1, 1989, the KOSPI stood at 1007.77 points. The gain in 1975 is 1023.1 percent.

During the recession of the early 1990s, the index fell to 21 August 1992 at 54.4 percent, closing at 459.07 points. The economic recovery was the KOSPI rise again in the next three years. On 14 October 1995, the index ended the day at 1016.77 points. That was an increase since August 1992 at 121.5 percent.

The Asian crisis led to a sharp outflow of capital from South Korea. The KOSPI closed on 16 June 1998 with 280.00 points, its lowest level since 12 January 1987. Loss Since October 1995 is 72.5 percent. By 4 January 2000, the index rose to a closing level of 1059.04 points. That was in June 1998, an increase of 278.2 percent.

21st Century

On 12 September 2001, the South Korean benchmark index suffered with 12.02 percent of the biggest daily loss in its history. This was due to the terrorist attacks on 11 September 2001 in the United States.

After the bursting of the speculative bubble in the technology sector ( dotcom bubble ) of KOSPI fell to a low of 468.76 points to 17 September 2001. That was a decline since January 2000 by 55.7 percent. The September 17, 2001 marked the end of the descent. From the autumn of 2001, the index was back on the way up. On April 9, 2007, the KOSPI closed at 1501.06 points for the first time above the limit of 1,500 points and on 25 July 2007 with 2004.22 points for the first time over the 2,000 -point mark. On 31 October 2007 the KOSPI marked with a closing level of 2064.85 points, a record high. That was in September 2001, an increase of 340.5 percent.

In the course of the international financial crisis in the U.S. real estate crisis originated in the summer of 2007, the index began to fall again. From the 3rd quarter of 2008, the crisis had an increasing impact on the real economy. As a result, stock prices plummeted worldwide. A new low was achieved by the KOSPI on 24 October 2008, when he finished trading with 938.75 points. This represents a decline since October 31, 2007 by 54.5 percent.

October 24, 2008 marks the turning point of the descent. From the autumn of 2008, the index was back on the way up. On 30 October 2008, the KOSPI achieved with 11.95 percent of the largest daily gain in its history. On 2 May 2011, the South Korean leading index with a closing level of 2228.96 points, an all time high. The gain since October 2008, is 137.4 percent.

The slowdown in the global economy and the intensification of the euro crisis led to a fall in the South Korean leading index. On 26 September 2011, the KOSPI ended trading at 1652.71 points. The loss since its peak on 2 May 2011 is 25.8 percent. A recovery of prices led to gains in the stock market. On 3 April 2012, the index closed higher than six months ago at 2049.28 points, up by 24.0 percent.

Highs

The overview shows the all-time highs of KOSPI.

Milestones

The table shows the milestones of the KOSPI since 1980.

The best days

The table shows the best days of the KOSPI since 1980.

The worst day

The table shows the worst days of the KOSPI since 1980.

Annual development

The table shows the development of the back-calculated to 1975 KOSPI.

More KOSPI indices

In addition to the KOSPI there are a number of other indices, which reflect the market capitalization of Korean companies.

• KOSPI 50 - reflects the market value of the 50 companies in Korea with the highest market capitalization
• KOSPI 100 - analogous to the KOSPI 50 for 100 companies
• KOSPI 200 - analogous to the KOSPI 50 for 200 companies
• KOSPI IT - tracks the 20 most highly capitalized companies in the Korean IT industry