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Korean Chip Stocks Are Trading Like The AI Bubble Has Burst. Is Micron Next?

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Korean Chip Stocks Are Trading Like The AI Bubble Has Burst. Is Micron Next?

South Korea’s KOSPI is down ~25% from its June peak, and Korean equities plunged over 20% in a single session—the worst day this month—after a developing shock in Seoul that rippled to Wall Street. The magnitude of the selloff points to a sharp deterioration in risk appetite and near-term sentiment spillover to broader markets.

Analysis

South Korea’s KOSPI is down ~25% from its June peak, and Korean equities plunged over 20% in a single session—the worst day this month—after a developing shock in Seoul that rippled to Wall Street. The magnitude of the selloff points to a sharp deterioration in risk appetite and near-term sentiment spillover to broader markets.

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