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.
Yeah, I know. It’ll almost certainly be a quick, real-time crash that the Signal chatters in Washington had advanced warning about, and retail investors will listen to Jim Cramer telling them to keep investing and lose their hats in the process.