GG is having a storm so huge up on the rooftop 😱
I wonder whether tonight’s U.S. stock market open will allow SanDisk to withstand the pressure?
Waking up, the Korean stock market popup ads were everywhere; the Korean equity market had two straight days of circuit breakers; and during the day the KOSPI index fell by more than 12% at one point. This time’s epic selloff is really dangerous—most likely a prelude to the next round of a financial crisis.
Everyone knows that Korea has always been a bellwether for global capital markets. Whether it was the Asian crisis in 1997, the 2008 subprime crisis, or the global stock crash in 2020—whenever a major trend crash happens, the Korean stock market always drops first as an early warning. Then the global markets follow into a full bear phase.
This round of explosive gains in “Kimchi-land” was entirely powered by AI compute. Supported by storage chips, it created a nationwide bull market. Countless local ordinary people piled on leverage to jump into trading and stocks. With two AI storage giants—Samsung and SK Hynix—propelling the index, it effectively doubled, and the whole market built up an enormous bubble.
Circuit breakers were triggered multiple times over two consecutive days. The two chip giants both fell sharply at the same time, and countless leveraged accounts were liquidated one after another. Foreign capital then fled in large quantities—this is the most typical sign of a bubble bursting.
The waves are coming. Market uncertainty will increase. When trading, never act aggressively—risk control should always come first $SNDK
I wonder whether tonight’s U.S. stock market open will allow SanDisk to withstand the pressure?
Waking up, the Korean stock market popup ads were everywhere; the Korean equity market had two straight days of circuit breakers; and during the day the KOSPI index fell by more than 12% at one point. This time’s epic selloff is really dangerous—most likely a prelude to the next round of a financial crisis.
Everyone knows that Korea has always been a bellwether for global capital markets. Whether it was the Asian crisis in 1997, the 2008 subprime crisis, or the global stock crash in 2020—whenever a major trend crash happens, the Korean stock market always drops first as an early warning. Then the global markets follow into a full bear phase.
This round of explosive gains in “Kimchi-land” was entirely powered by AI compute. Supported by storage chips, it created a nationwide bull market. Countless local ordinary people piled on leverage to jump into trading and stocks. With two AI storage giants—Samsung and SK Hynix—propelling the index, it effectively doubled, and the whole market built up an enormous bubble.
Circuit breakers were triggered multiple times over two consecutive days. The two chip giants both fell sharply at the same time, and countless leveraged accounts were liquidated one after another. Foreign capital then fled in large quantities—this is the most typical sign of a bubble bursting.
The waves are coming. Market uncertainty will increase. When trading, never act aggressively—risk control should always come first $SNDK