Asian Market Carnage: Korea Circuit Breakers, Semis -12%
South Korean markets triggered circuit breakers for both KOSPI and KOSDAQ — the first time since July — as semiconductors crashed 12% on $3.6B in foreign selling. This is amplifying the global risk-off / AI-trade-unwind narrative.
What we know
An account on X (123 likes, 44K views) detailed the 'Asian Carnage': Korea circuit breakers triggered for the first time since July 29th, semis closed down -12%, and foreigners sold -$3.6B with SK Hynix among the hardest hit. This directly feeds into the short-AI/long-BTC trade unwind thesis highlighted by another account on X. In US markets, another account on X noted traders buying the chip dip with leverage at a record pace: $SOXL pulled in ~$3.8B this week, on pace for its largest-ever weekly inflow.
How the story developed
South Korean markets triggered circuit breakers for both KOSPI and KOSDAQ — the first time since July — as semiconductors crashed 12% on $3.6B in foreign selling. This is amplifying the global risk-off / AI-trade-unwind narrative.
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By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.