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BLOODBATH 🚨
South Korea's $KOSPI just crashed 6.5% and triggered a circuit breaker, halting all program selling in 20 minutes flat.
₩396 trillion. $267 billion. Gone in 20 minutes.
This is the fourth time the $KOSPI has circuit-broken in 2026. A market that was the best performing in the world six months ago now halts trading on a near-weekly basis.
Same story every time. Samsung and SK Hynix, two stocks that make up 42% of the index, lead every single leg down. The AI trade that built Korea's biggest rally in history is now unwinding through the same two names that built it.
Foreign institutions are selling. Korean retail is buying every dip. One of them is right about where this ends.
The $KOSPI is not a stock market anymore. It is a leveraged AI chip ETF with a circuit breaker attached.