KOSPI in South Korea is crashing, the AI theme has also been liquidated, and Citigroup is bearish all the way down to 10k points—this pullback is pretty brutal.

Crypto market news, according to an early report by A issued in 2021, the South Korea KOSPI index fell 5%, with investors liquidating trades related to artificial intelligence. The index continued to decline for four weeks, down 28% from its historical high point on June 22. Citi analysts said that due to ongoing market volatility, they lowered their rating for the South Korea KOSPI index from Overweight to Neutral, and kept a target of ten thousand points.