WS #13002
South Korea's KOSPI drops ~6% on the day, erasing ~40% from peak, as AI-driven boom fades. Chipmakers lead losses. Finance minister apologizes for single-stock leveraged ETFs. US high-grade corporate bond market at highest dysfunction in nearly three years. Retail investors dumping stocks at fastest pace since pandemic.
South Korea stock market crash and AI selloff
South Korea's KOSPI drops ~6% on the day, erasing ~40% from peak, as AI-driven boom fades. Chipmakers lead losses. Finance minister apologizes for single-stock leveraged ETFs. US high-grade corporate bond market at highest dysfunction in nearly three years. Retail investors dumping stocks at fastest pace since pandemic.