🚨 BREAKING: SOUTH KOREAN STOCK MARKET CRASHES 11% AFTER CIRCUIT BREAKER HALT
South Korea’s KOSPI plunged 8%, triggering a circuit breaker, and extended losses to 11% after #trading resumed. The BRUTAL sell-off comes as: > The country imports 94% of its oil, with 75% sourced from the Middle East. > The index is up 2x in 6 months, and now down 17% from Friday’s high. > The market is retail-dominated, with an estimated 70% retail participation (NYSE has 20%) > South Korea has one of the world’s largest equity options market by contract volume, surpassing even the U.S. In a heavy retail + bloated leverage market: corrections quickly spiral into crashes. #crypto
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🚨 BREAKING: SOUTH KOREAN STOCK MARKET CRASHES 11% AFTER CIRCUIT BREAKER HALT
South Korea’s KOSPI plunged 8%, triggering a circuit breaker, and extended losses to 11% after #trading resumed. The BRUTAL sell-off comes as:
> The country imports 94% of its oil, with 75% sourced from the Middle East. > The index is up 2x in 6 months, and now down 17% from Friday’s high. > The market is retail-dominated, with an estimated 70% retail participation (NYSE has 20%)
> South Korea has one of the world’s largest equity options market by contract volume, surpassing even the U.S. In a heavy retail + bloated leverage market: corrections quickly spiral into crashes. #crypto