POPA ReconCrushed by Kospi Rout, Angry Koreans Rip Lee and Vow Not to Buy
Crushed by Kospi Rout, Angry Koreans Rip Lee and Vow Not to Buy South Korean retail investors are suffering massive losses after a dramatic July drop in the Kospi index wiped out gains from a frenzy in semiconductor and AI stocks. "I’ve engraved two rules in my mind now. First: don’t invest in the Korean stock market. Second: follow the first rule.” “The government put fuel into the fire with those leveraged ETFs,” said 40-year-old Lee Jung-min, who took a 50 million won loan with his apartment as a collateral to trade stocks. “I think it’s wrong how they turned the stock market into a casi…
The excerpt is quoted from a public Telegram channel, which owns its text.