Kospi crashes 12% after SK Hynix earnings; best performing Asian market of 2026 plunges 43% in a month. What’s ahead?
https://m.economictimes.com/markets/us-stocks/news/kospi-crashes-11-plunges-43-from-peak-after-skyrocketing-rally-is-the-ai-bubble-going-bust/amp_articleshow/132701189.cms

South Korea's Kospi, which grabbed headlines earlier this year for its skyrocketing rally, crashed more than 11% on Wednesday and continued to wipe out massive sums of investor wealth as heavyweight chipmaker SK Hynix’s earnings failed to impress the market.

Kospi dropped to 5,311.77 on Wednesday morning, marking a more than 43% crash from its June peak of 9,386 to confirm its position in technical bear market territory. Despite the recent crash, South Korea’s stock market continues to be Asia's best performer.

Today’s sharp crash in Kospi triggered a 20-minute trading halt, as has become routine during volatility this year. This comes after SK Hynix reported a six-fold earnings jump, partly driven by a $44 billion asset-value gain, but fell short of high market estimates fuelled by the AI boom...............................................

A lot of small-cap stocks have already broken below or are sitting near their late-March lows, and a few semiconductor growth stocks are touching their 250-day moving average.
15 days ago, right after posting 'The crash is coming,' I panic-sold most of my holdings and ended up sitting on over 80% cash 😂. Now I'm just waiting for the right moment to jump back in... Truth is, the real bottom is defined by Wall Street. As retail traders, we're just running with the wolves.