🚨 HUGE CRASH IN SOUTH KOREAN STOCK MARKET.

South Korea’s KOSPI just closed 12.06% lower, the biggest one-day drop on record.
In just 48 hours, the market has fallen 14%, wiping out around $510B.
$260B disappeared today alone.
This drop is bigger than the 2008 crash, the dot-com bubble burst, and even the 9/11 market fall.
What makes this even more surprising is what happened before.
Over the last 12 months, the KOSPI was up nearly 170%.
South Korea is also one of the most retail-driven markets in the world. It’s the reason the Kimchi Premium exists, when Bitcoin trades at higher prices in Korea simply because local demand is so strong.
When crypto crashed earlier, a lot of South Korean retail money moved into stocks, pushing the market up quickly, much of it through leveraged exposure to U.S. ETFs.
Now with uncertainty around the US-Iran war, that same retail driven market is seeing a massive unwind.