📉 South Korea’s market under pressure: stock market panic and crypto restrictions
Investors are dumping South Korean risk assets en masse. What happened?
🔻 Giants in decline: The KOSPI index fell 7.4%. Samsung Electronics shares lost 7.7%, while SK Hynix fell 8.8%.
🇨🇳 A blow from China: China’s CXMT announced it had developed a new DRAM technology and would begin producing server chips this year. This could put it two years ahead of Samsung and threaten Korea’s monopoly.
🚫 A blow to crypto: Amid the broader flight of capital, regulators blocked the websites of 27 crypto exchanges, including BingX, MEXC, and KuCoin.
Foreign capital is rapidly leaving the market. Can South Korea’s giants rise to China’s challenge, or is their dominance coming to an end?$SAMSUNGEM ,$SAMSUNG
Investors are dumping South Korean risk assets en masse. What happened?
🔻 Giants in decline: The KOSPI index fell 7.4%. Samsung Electronics shares lost 7.7%, while SK Hynix fell 8.8%.
🇨🇳 A blow from China: China’s CXMT announced it had developed a new DRAM technology and would begin producing server chips this year. This could put it two years ahead of Samsung and threaten Korea’s monopoly.
🚫 A blow to crypto: Amid the broader flight of capital, regulators blocked the websites of 27 crypto exchanges, including BingX, MEXC, and KuCoin.
Foreign capital is rapidly leaving the market. Can South Korea’s giants rise to China’s challenge, or is their dominance coming to an end?$SAMSUNGEM ,$SAMSUNG