{"id":434918,"date":"2026-07-29T10:15:59","date_gmt":"2026-07-29T03:15:59","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/south-korea-has-just-experienced-something-worse-than-the-dot-com-bust-434918\/"},"modified":"2026-07-29T10:15:59","modified_gmt":"2026-07-29T03:15:59","slug":"south-korea-has-just-experienced-something-worse-than-the-dot-com-bust","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/south-korea-has-just-experienced-something-worse-than-the-dot-com-bust-434918\/","title":{"rendered":"South Korea has just experienced something worse than the dot-com bust"},"content":{"rendered":"<div>\n<p>It&#8217;s tough to find any historical analogues for what&#8217;s happened in the Kospi in the past 15 weeks.<\/p>\n<p>Starting from April, the South Korean index rose 80% in just 10 weeks. That&#8217;s been followed by a 40% decline, mostly wiping out the gain.\u00a0<\/p>\n<p>To put into perspective how insane a 40% decline over 35 days is:<\/p>\n<ul>\n<li>Covid was 33.9% over 33 days<\/li>\n<li>1987 was 33.5% over 100 days<\/li>\n<li>Trump&#8217;s tariff shock last year was 18.9% over 48 days<\/li>\n<li>If the S&amp;P 500 fell 40%, it would wipe out the past five years of gains<\/li>\n<\/ul>\n<p>Now no one is exactly feeling bad from the bulls because the 80% rally was only part of a triping of the index in a year.<\/p>\n<p>But if we just take the past 15 weeks, the closest analogue is a scary one: The dot-com bust in the Nasdaq from 1999-2000. It rose 88% from October 18, 1999 to March 10, 2000, then fell 34% in the five weeks to April 14.<\/p>\n<p>The bad news for the dot-com analogue is that the Nasdaq didn&#8217;t ultimately bottom until October 9, 2002 &#8212; a full two-and-a-half years later &#8212; and declined 78% peak-to-trough. For the Kospi, that would put it at 2064, which is only narrowly below last April&#8217;s low of 2284. That seems frighteningly possible given the nortorious leverage used by South Korean ants.<\/p>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s tough to find any historical analogues for what&#8217;s happened in the Kospi in the past 15 weeks. Starting from April, the South Korean index rose 80% in just 10 weeks. That&#8217;s&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-434918","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/434918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=434918"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/434918\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=434918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=434918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=434918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}