South Koreas AI Bubble Just Popped - Now What? [Rafh4o8tFRF]
Kospi, the primary Korean stock market index, has been crashing. SK Hynix and Samsung are the two major companies that trade on the exchange. This has impacted as lot of Korean retail traders in their 20s and 30s, especially those who participated in 2x leveraged ETFs that promise to deliver double the returns of the underlying stock... only to be hit with margin calls once the sell off began. In addition to the SK Hynix ADR listing on the NASDAQ, the SpaceX IPO, and the CXMT IPO on the Shanghai stock exchange, this sends the global AI trade into uncertainty. The effects of all of this are trickling into the US market, particularly with chip memory and chip stocks. The selloff continues to intensify throughout July and has Kospi has crashed below 5,300 as of July 29. CHAPTERS 00:00 Introduction 01:11 The AI Illusion 03:11 Weaponizing the Retail Trader 04:54 The Great Capital Vacuum 05:33 The SpaceX IPO 07:48 Leveraged ETFs - Death Spiral 10:05 Black Monday in Korea - July 13 11:57 The Warsh Trade 14:19 The US Economic Prediction Join my newsletter to hear regularly from me. Follow me on IG ⚠️ DISCLAIMER: The information provided in this video is for educational and informational purposes only and does not constitute financial, investment, tax, or legal advice. Always consult with a qualified professional to understand your specific circumstances before making any financial decisions.