🇰🇷 South Korea's MARKET CRASH is the fastest and most severe in modern Asian market history:

The index has fallen ~38% from its June peak in just 27 trading days, before rebounding on Friday.

This is a deeper decline than any of the other 4 major Asian market crashes tracked over a comparable window, including the Asian financial crisis and the Global Financial Crisis.

On Monday, the market resumed its fall, with the KOSPI dropping as much as -5.5%.

Samsung and SK Hynix both fell about -9%, reversing part of the gains that saw them surge +27% and +30%, respectively, in Friday's record rally.

Foreign investors, who had purchased a record amount of KOSPI shares on Friday, drove Monday's reversal, selling -$698 million of Korean stocks in early trading.

China's rapid advances in AI and semiconductors, raising concerns about future competition for Korean chipmakers, added to the headwinds weighing on sentiment.

🔗 Global Markets Investor