đš This is why South Korea's market is collapsing relentlessly right at this moment
If you still believe that the KOSPI index, which has dropped to nearly half its value since June, is trading like a normal market, you absolutely must read this carefully.
Because that market no longer exists.
What you're seeing now is not normal price action.
It's not "just one bad day."
It's not profit-taking in chips.
And it certainly won't end by Monday.
Most people are completely oblivious to what's happening.
And by the time it becomes obvious, the damage will already have been done.
This move didn't start today.
It's been quietly building under the surface for 5 months.
And now it's accelerating.
Today: 8%+ evaporated in 3 minutes. The 11th trading halt this year.
Here's the truth:
Retail investors in Korea bought stocks with loans from brokerage firms.
And when prices drop enough, forced selling dictates the price, not buyers.
This is exactly what happened to the KOSPI index.
And it's the same selling wave that already hit:
â Japan: Nikkei index in a bear market
â Taiwan: Forced selling of margined positions
â US chips: -12.25% in one day
â Nasdaq: 10%+ below its all-time high
The original KOSPI story is broken.
Its rise was built on two ideas:
â Samsung and SK Hynix, nearly half the market
â Endless demand for AI chips
And that died the moment this was piled on top:
â 33.4 trillion won borrowed to buy stocks
â Of which 9.2 trillion won in Samsung and SK Hynix
â 1.22 trillion won in a 2x leveraged ETF
â Foreigners sold 9.41 trillion won in 5 days
â 3.278 billion shares lent for short selling
From that moment on, every deep dip became pure forced selling.
Not in profits.
But in brokerage loan ledgers, and that's what really matters.
Cash deposits.
The metric that explains everything.
June: 139.69 trillion won. This week: 89.23 trillion won.
Once forced selling overwhelms buyers, the price stops responding to earnings.
It responds to margin calls, foreign selling, and trading halts.
Brokerages can now sell your stocks.
They're not guessing direction.
They're doing what they do in every bear market:
1⣠Lend money to buy chip stocks
2⣠Price drops, collateral becomes insufficient
3⣠Demand more cash
4⣠No cash? Sell at any price
5⣠Repeat
This isn't "panic selling."
It's debt unwinding.
A single retail investor's account can now face:
â Samsung: -25.9% in a month
â SK Hynix: -28.7% in a month
â 2x leveraged ETF: -45.36% in a month
â A brokerage sale they never ordered
All at the exact same time.
That's 4 calls on one account.
This isn't a free market.
This is a debt machine wearing a KOSPI mask.
Ignore it if you want, but don't pretend you weren't warned.
Today's low: 4,911, down 47.7% from the all-time high. 2008 fell 55%. And that would mean around 4,220.
The loan numbers behind this collapse won't make headlines. Repost so it spreads further than the panic.
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