Korean stocks plunge 6%; memory chip giants buckle first
On October 13, South Korea’s KOSPI fell as much as 6%. SK Hynix dropped 9% in a single day, while Samsung Electronics fell 7%. The two memory chip leaders spearheaded the sell-off, as risk assets across the Asia-Pacific region deleveraged en masse.
With an index sell-off of this magnitude, BTC is more likely to follow suit in the short term. As for a rebound, let’s first see whether it can reclaim its previous high.
If you’re holding long positions, can you ride out this wave of market-wide declines, or have you already gotten out?
$BTC $ETH $SOL
On October 13, South Korea’s KOSPI fell as much as 6%. SK Hynix dropped 9% in a single day, while Samsung Electronics fell 7%. The two memory chip leaders spearheaded the sell-off, as risk assets across the Asia-Pacific region deleveraged en masse.
With an index sell-off of this magnitude, BTC is more likely to follow suit in the short term. As for a rebound, let’s first see whether it can reclaim its previous high.
If you’re holding long positions, can you ride out this wave of market-wide declines, or have you already gotten out?
$BTC $ETH $SOL