Economic TimesLean R·
Is Korean stock market turning into open casino? How retail leverage is fueling wild swings
Memory chip bellwethers SK Hynix and Samsung Electronics make up just over half of the benchmark Kospi. Much of the stock market’s previous rally was related to the sharp surge in the share prices of these two chipmakers. These two stocks have now crashed more than 30% each in just a month, leading to the sharp downtrend in the market.
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