📈 What happened in South Korean Stock Market | Quick Recap | Jul 30th
🔴 Kospi crashed as much as 13% in the morning, triggering a circuit breaker for the second straight day in a row, something that's never happened before in Korea. It closed down about 6%, bringing the two-day drop to 16%.Bottom Line: This wasn't a broad economic scare, it was a leverage unwind. Retail investors piled into leveraged bets on AI chip stocks, and when SK Hynix's earnings didn't meet sky-high expectations, the unwind cascaded fast enough to trip circuit breakers two days running and force the government into emergency action.
📈 What happened in South Korean Stock Market | Quick Recap | Jul 30th
🔴 Kospi crashed as much as 13% in the morning, triggering a circuit breaker for the second straight day in a row, something that's never happened before in Korea. It closed down about 6%, bringing the two-day drop to 16%.Bottom Line: This wasn't a broad economic scare, it was a leverage unwind. Retail investors piled into leveraged bets on AI chip stocks, and when SK Hynix's earnings didn't meet sky-high expectations, the unwind cascaded fast enough to trip circuit breakers two days running and force the government into emergency action.
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