While warnings about tech euphoria aren’t new, the latest slide was triggered by amplified swings in the world’s best‑performing market this year. What started as a modest drop in South Korea morphed into a plunge that saw foreign investors offloading more than $2.5 billion of Kospi shares.
Market watchers cited forced liquidation hitting retail investors trading on borrowed money, compounded by a wave of selling tied to leveraged exchange-traded funds tracking SK Hynix Inc. and Samsung Electronics Co. |
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