Seoul just took the first knife for AI trade today:
KOSPI -5.28%
$SK Hynix -9.46%
$Samsung Electronics -7.57%
Triggered sell-side circuit breaker intraday
Foreign capital dumped ~3.4T KRW
Retail caught ~2.3T KRW
New parliament doesn't even start until Jan. Data center regulations? Not written yet. But the market already priced in power grid, water supply, and permits as the bottleneck choking the entire AI supply chain.
They're selling the expectation, not the order book. Doesn't matter how expensive compute gets—if you can't plug it in, it's just inventory collecting dust.
Infra risk > chip demand right now.
KOSPI -5.28%
$SK Hynix -9.46%
$Samsung Electronics -7.57%
Triggered sell-side circuit breaker intraday
Foreign capital dumped ~3.4T KRW
Retail caught ~2.3T KRW
New parliament doesn't even start until Jan. Data center regulations? Not written yet. But the market already priced in power grid, water supply, and permits as the bottleneck choking the entire AI supply chain.
They're selling the expectation, not the order book. Doesn't matter how expensive compute gets—if you can't plug it in, it's just inventory collecting dust.
Infra risk > chip demand right now.
