'Wait till payback time!': South Korean retail investors protest as govt apologises after Kospi crashes 40% in a month

Kospi skyrocketed over 122% since the beginning of the year to hit a lifetime high of 9,386 in June on the back of a global AI frenzy, before things began to go downhill. While South Koreas stock market grabbed headlines as the worlds best-performing stock market this year so far, analysts were quick to point out the concentration of chipmakers Samsung Electronics and SK Hynix, which make up just over half of the benchmark Kospi.

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