AI’s Asia Meltdown - KOSPI Cracks, SK Hynix Gets Nuked… and the Spillover Risk Is Massive

Extreme KOSPI

KOSPI has gone from the perfect melt up index, to showing huge volatility over the past 10 sessions. Note the index puked overnight, down almost 4%, closing right on the 21 day. The AI narrative is huge and things could easily get violent to the downside. 50 day and the longer term trend way lower.