Potion

🚨STOCK MARKET CARNAGE IN SOUTH KOREA IS INTENSIFYING: The KOSPI fell -9% on Monday, triggering a trading halt for the 7th time this year, out of 13 total since 2000. The selloff was led by SK Hynix, which fell as much as -15%, its largest daily drop on record, while Samsung dropped nearly -11%. This comes just 1 trading day after SK Hynix's US listing, the largest ever first-time US share sale by a foreign company at $26.5 billion. SK Hynix shares are now down more than -35% from their June all-time high. At the same time, the KOSPI is down -28%, putting it on track for a 4th consecutive weekly decline, the longest streak in two years. Year-to-date, the KOSPI is still up +58%, down from gains of as much as +116%. This comes as a report from Korea Investment & Securities projects SK Hynix's operating profit could miss average projections by -8%, driven by slower price growth in high bandwidth memory relative to conventional chips. The bear market in Korea is getting worse