The KOSPI Selloff Wasn’t the Index — It Was the Leverage
About a month ago, when the KOSPI cleared 9,000, I did not think much of it.
About a month ago, when the KOSPI cleared 9,000, I did not think much of it.
A month ago Samsung stock traded above ₩360,000 — roughly $235. It felt rich to me then, and I sat on my hands.
When the Samsung Q2 operating profit headline hit my screen, I read the number twice. KRW 89.4 trillion.
On June 22, the KOSPI scoreboard flipped for the first time in 25 years and 7 months.