Korea’s AI Chip Trade Broke Its Own Market: Inside the KOSPI’s Record Crash
The rise and fall of South Korea's AI memory supercycle.
The index that beat every market on earth for five months just gave back the better part of that gain in a matter of weeks, and the reason has less to do with sentiment than with a leverage structure nobody stress-tested for a memory-chip supercycle unwinding into a rate hike and an oil shock at the same time.
By Dorian
June was a record-setting month alm…
