- Isn't this just a response to the Friday drop which happened around 5 AM Saturday South Korea time, well after their Friday bell?
- Is this one of those situations where it spiked rapidly and now it’s going back down slightly? Or is it a real drop?
- KOSPI isn't really a country index, it's more like a concentrated chip/HBM ETF in disguise. Samsung Electronics + SK Hynix alone are roughly 30-40% of the index by market cap, and both move on the same AI-capex thesis as Nvidia/TSMC. So it seems to be the same trade pulling back expressed through a country index that's levered to it.
- If the figures look softer than expected, keep in mind that it's local lay-men buying in - while foreign career investors are selling out[1]. Broadcom's earnings call may have kicked it off: the CEO started off mistaking last year's figures, and had to start over with below projected numbers[2].
[1]: https://www.cnbc.com/2026/05/18/s-korea-market-volatility-ne...
[2]: https://www.fool.com/earnings/call-transcripts/2026/06/03/br...
by boilerupnc
0 subcomment
- https://archive.ph/f0mzg
- YTD Kospi is +173%, after the sell-off, compared to +10% for the Nasdaq. Not exactly... worrying territory there.
But yeah, I'm sorry this whole circular financing bubble with AI should crash. As someone who's in community with people outside tech, things are pretty fucking dire and a correction in asset prices would probably be better long term.
- I wonder how the proposal for 24x5 trading would affect how international selloffs like this ripple through US markets.
- Remember: don't panic and hopefully you're not leveraged
- There’s some early signs of the wheels starting to come off the bus of the “irrational exuberance” that’s been fueling the AI bubble.
Still early days but a lot of folks positioning to protect themselves from the blast radius which is what is driving market volatility.
Talk in many circles and back rooms with the ultra-wealthy has shifted rapidly from “how do I get in on this AI action” to “how do I protect myself from collateral damage when this thing blows up.”
- This is a correction for ants and is nothing compared to what will happen when the AI bubble collapses.
- Eh looks like it already recovered about half of the plunge? KOSPI fell from 8,048 to 7,477, but now it's back to 7,807.
- [dead]
by wewewedxfgdf
0 subcomment
- Nice time to buy. Pick up all that juicy coin when it bounces back.
There's plenty of steam left in the AI boom yet.
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