Extreme reversal, Korea hits the upward circuit breaker, extreme reversal, Korea hits the upward circuit breaker

The most exciting casino in the world is none other than Korea's casinos. Yesterday, it hit the downward circuit breaker; today, it hits the upward circuit breaker.

Just now, the Korean stock exchange triggered the KOSPI circuit breaker after KOSPI 200 futures rose 5%, pausing algorithmic trading for 5 minutes.

I've always wondered why Korean young people have such a strong gambling instinct; it should be the country with the strongest gambling tendencies in Asia.

This morning, I read a Nikkei report and finally understood the reason. It turns out many middle-aged Koreans borrow money to invest in stocks, not just out of fear of missing out, but mainly because their pension funds are simply not enough.

Korean national pension funds only provide about 27% to 28% of their pre-retirement salary after retirement, and only a very small percentage of families (5.7%) have enough savings to rely on investment income to reach over 20% of their salary after retirement.

Now, the returns from the Korean stock market have already caught up with or even surpassed real estate, so a large number of people nearing retirement are shifting from property speculation to stock trading, and like borrowing to buy houses before, they continue to borrow money to invest. They believe the stock market rises quickly and can earn more retirement money in the short term. This practice is especially popular among older people.

I remember an AI test that simulated the current situation of ordinary Chinese people for a robot: salary of 3k, bride price hundreds of thousands, house prices hundreds of thousands, raising children hundreds of thousands, and in the end, the robot's optimal solution was,

Gamble over 200 days a year. #美股AI概念股普涨