Tag:

Kospi

Crypto

Korean Stocks Just Lost 20% in Two Days. Bitcoin Picked Up the Check.

KOSPI crashed 20% in two days. Gold dropped 4%. Bitcoin ripped to $73,000. Korean retail is rotating back to crypto and the correlation just broke.

Stocks

Seoul’s $22 Billion Margin Bet Just Blew Up in the Worst KOSPI Crash on Record

South Korea's KOSPI crashed 12.1% — its worst day ever — as $22 billion in margin debt met an oil shock. Circuit breakers fired. The won hit 1,500.