KOSPI CRASHED -19.3% | Worst Quarter Since 2020 | But Still +60% YTD 😱
🚨BREAKING: Just checked close today.
South Korea's KOSPI closed at 6,838.04 down -0.48% (32.77 pts) on Sep 30 and fell -19.3% in Q3, biggest drop since Q1 2020
FT says -18.8% - world's worst performing market in Q3
But here is the twist no one is talking about: It's still UP 60% $YTD
Why did it crash?
I dug into data and found 2 reasons:
1. Two companies = 50% of market. Samsung & SK Hynix now make up roughly half the KOSPI weight. When memory chips sell-off in July, whole index collapsed.
2. Leverage killed it. Big leveraged bets on AI memory trade unwind + foreign investors net sold ₩6.4T + bond yields spiked.
My personal take: I've seen this before. 6 green quarters in a row then -19% is healthy. S&P 500 still +2% in Q3. This is not AI end, this is AI reset. I'm watching for bounce near 6,800.
I'm not buying yet, but adding to watchlist. Are you buying this dip or waiting for more blood?
$KOSPI $SAMSUNG $SKHYNIX
#KOSPI #AI #MarketCrash#kospipostsworstquartersince2020
🚨BREAKING: Just checked close today.
South Korea's KOSPI closed at 6,838.04 down -0.48% (32.77 pts) on Sep 30 and fell -19.3% in Q3, biggest drop since Q1 2020
FT says -18.8% - world's worst performing market in Q3
But here is the twist no one is talking about: It's still UP 60% $YTD
Why did it crash?
I dug into data and found 2 reasons:
1. Two companies = 50% of market. Samsung & SK Hynix now make up roughly half the KOSPI weight. When memory chips sell-off in July, whole index collapsed.
2. Leverage killed it. Big leveraged bets on AI memory trade unwind + foreign investors net sold ₩6.4T + bond yields spiked.
My personal take: I've seen this before. 6 green quarters in a row then -19% is healthy. S&P 500 still +2% in Q3. This is not AI end, this is AI reset. I'm watching for bounce near 6,800.
I'm not buying yet, but adding to watchlist. Are you buying this dip or waiting for more blood?
$KOSPI $SAMSUNG $SKHYNIX
#KOSPI #AI #MarketCrash#kospipostsworstquartersince2020
