South Korea Falls Into Bear Market As Memory Euphoria Fizzles
--------------------------------------------------------------------
Source: Zero Hedge
Published: 2026-07-08 23:45 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Asia, South Korea, Economy & Finance, Financial Markets, Business & Economy, Asia Pacific
--------------------------------------------------------------------
Snippet:
It started off with the usual morning rush by retail momentum chasers into the handful of massive, market-moving names (read Samsung Electronics and SK Hynix), but as has been the case over the past two weeks, the initial euphoria quickly reversed and the Kospi rolled over, closing down 5.4%, 9.99% over the past two days, and down 22% from the all time high of 9385 hit just over 2 weeks ago on Jun 18.
--------------------------------------------------------------------