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Started By
Message
Korean stock market has crashed overnight
Posted on 7/13/26 at 2:08 am
Posted on 7/13/26 at 2:08 am
32 BN in equity wiped out.
7
Posted on 7/13/26 at 6:40 am to Jim Rockford
This happens like twice a week right??
Posted on 7/13/26 at 7:37 am to Jim Rockford
Still way up over the last 5 years.
Posted on 7/13/26 at 7:37 am to Jim Rockford
A little context,.even with today's 9% drop the Korea Composite Stock Price Index (KOSPI) is still up over 112% in past year.
Posted on 7/13/26 at 7:38 am to TorchtheFlyingTiger
From Reuters.
South Korea’s KOSPI fell roughly 9%, triggering a temporary market-wide trading halt. The selling was concentrated in semiconductor stocks, with SK Hynix and Samsung Electronics suffering especially steep losses.
South Korea’s KOSPI fell roughly 9%, triggering a temporary market-wide trading halt. The selling was concentrated in semiconductor stocks, with SK Hynix and Samsung Electronics suffering especially steep losses.
Posted on 7/13/26 at 7:46 am to Jim Rockford
Maybe a buy opportunity for EWY
Posted on 7/13/26 at 8:02 am to Jim Rockford
Just hope it doesn’t bleed over to our markets
Posted on 7/13/26 at 8:13 am to Jim Rockford
I had to tell them yesterday that I wasn’t buying another Hyundai due to burning too much oil in the shitty GDI engines, really didn’t expect this to happen.
Posted on 7/13/26 at 8:47 am to Jim Rockford
Is this why a lot my speculative space and tech stocks are absolutely plummeting this morning?
Posted on 7/13/26 at 9:00 am to Fun Bunch
Yes.
But saying the Korean stock market crashed overnight is a bit much.
Their market has turned into a meme market driven by two stocks.
On day it drops 8%. Next day it will be up 7%.
But saying the Korean stock market crashed overnight is a bit much.
Their market has turned into a meme market driven by two stocks.
On day it drops 8%. Next day it will be up 7%.
Posted on 7/13/26 at 12:36 pm to tiggerthetooth
AI boom RAM shortages driving that whole market
Posted on 7/14/26 at 9:27 am to tiggerthetooth
52-week range: $70.36 to $220.89
Seems like some opportunities in that turmoil. Korea is suffering political turmoil too with "progressives" wanting to be more like China. That may not bode well for the market and the government is screwing over American companies there that could spark serious blowback. Not wise to screw around with your major trading partner.
Seems like some opportunities in that turmoil. Korea is suffering political turmoil too with "progressives" wanting to be more like China. That may not bode well for the market and the government is screwing over American companies there that could spark serious blowback. Not wise to screw around with your major trading partner.
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