I wonder if everyone has noticed that the Korean stock market started “climbing” after 4.30 this year, but every time it climbs, it’s accompanied by a clear “landslip of the mountainside,”

I think this is related to the 30-odd stocks that Koreans briefly rolled out at the end of April—launching 2x leveraged long ETFs in one sudden push.
It’s the rebalancing of these ETFs that amplifies volatility in the Korean stock market, pushing it into its final grave.
If these ETFs are not completely banned—or written down to zero, the Korean stock market will be hard to stabilize.
As shown in the image below, you can see that Hynix built three large “mountains” during this process, and each mountain is made of the blood and tears of 2X ETFs; the final mountain is a double top, followed by a peaceful “passing away.”
In theory, only once all three mountains have fallen should the cleanup of leverage be considered complete.
By then, these 2x ETFs will probably be zeroed out as well.
Thank you, everyone.