South Korea Watches Bond And Currency Markets After Stock Rout
12 Articles
12 Articles
Jeong Jeom-sik, floor leader of the People Power Party, said on the 16th, “Market capitalization has evaporated by 1,000 trillion won over the past week. This is an expensive bill that has arrived for the unreasonable boosting of the stock market, which went so far as to introduce single-stock leveraged exchange-traded funds (ETFs) and forcibly suspend the National Pension Service's rebalancing.” Speaking at a meeting on parliamentary audit coun…
(Seoul=Yonhap News) Reporter Kim Yu-hyang = As domestic stocks plummeted on the 15th, the size of the COSPI and KOSDAQ markets shrunk by over 400 trillion won from the previous day.
KOSPI Plunges 21% in 7 Trading Days… Slides to Early April Levels Sell-side Sidecars and Circuit Breakers Triggered Simultaneously in Both Markets Foreign Investors Dump 18 Trillion Won This Month… Selling Samsung Electronics 4.8 Trillion Won and Hynix 9.2 Trillion Won Antropical Sales Growth Slows… US Inflation Exceeds Expectations
The COSPI collapsed the most when negative events surrounding the outlook for the artificial intelligence (AI) industry overlapped in global stock markets. After rising sharply in the forecast of a boom in semiconductors originating from artificial intelligence data centers centered around Samsung Electronics and SK (SK) Hynix, the downhill is also steep. The “dot com bubble” of the past at the crash site
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