South Korean stocks experienced a sharp decline, with the Kospi index plummeting nearly 10% from its record high. Chip giants SK Hynix and Samsung Electronics led the sell-off as investors grew concerned about an overstretched rally. This downturn follows a period of strong gains, with market watchers now closely awaiting Micron Technology's earnings for insights into the semiconductor sector's health. Foreign investors offloaded significant holdings amid rising market volatility.
Honestly I think the circuit breakers at small levels like 10% are part of the reason the market is sorta messed up. more companies should have crashed and burned.
Agreed. It’s like the casino suddenly being fair and having to close down because it would be unsustainable to their predatory business model. Retail investors should look at this and want nothing to do with stock trading…but billionaires run the world and most people are sheep. So, we have retail investors being treated like the product while the companies are immune to loss. When anyone mentions that, the system quietly silences them.
Mention a decentralized sector where there is no institution and the fediverse’s army of useful idiots will viciously attack you. “Money for criminals” is just a useful idiot’s way of saying, “an independent casino that directly threatens the established, even sketchier casinos that our retirement funds are tied to”.