Korea’s Melt-Up MachineKorean equities increasingly look like one of the most reflexive AI momentum trades in global markets. Retail leverage, structured products, semis crowding, and now even crypto-native perpetual futures are all feeding into the same upside squeeze dynamic.The problem with reflexive melt-ups is that they often look strongest right before momentum starts exhausting itself. KOSPI is now flashing several signs that the latest upside panic may be entering increasingly dangerous territory.
The Korea AI Mania Is Entering Air Pocket Territory
Korean retirees are increasingly turning into leveraged AI momentum traders. Investors aged 50+ now account for over 60% of Korea’s margin debt balances, more than double last year’s level.
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