Asia’s AI Darling Just Blew a Fuse

Shaking

KOSPI, a bellwether for the AI story (and home to some of the wildest retail flows), is finally wobbling. Instead of the usual melt-up, downside volatility is kicking in, with the index closing below the 21-day for the first time since the September melt up started. The 50-day and the longer trend line sit far lower, and today’s candle is flat-out ugly.