Korean stocks fall, China-Korea Semiconductor ETF trading prices rise, premium risk continues to intensify

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【Caixin.com】 On May 15, the Korean stock market saw a rollercoaster-style period of extreme volatility. In the morning, driven by the continued build-up of the prior AI semiconductor boom, the Seoul Composite Stock Price Index KOSPI briefly surged to 8,046 points, setting a record high—just 7 trading days after it first broke 7,000 points on the 6th of this month. However, the outlook changed abruptly in the afternoon: the KOSPI index kept falling, with intraday losses reaching more than 7% at one point. By the close, the KOSPI index finished down 6.12%, at 7,493.18 points. During this period, the Korean KOSPI 200 futures index crashed by more than 5%, triggering the South Korean sell-side Sidecar circuit-breaker mechanism and pausing algorithmic trading for 5 minutes.

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