What's happening in South Korea's stock market has truly been one of the most incredible things to witness in decades. South Korea's KOSPI went from barely being in the top 15 largest stock markets to 6th in a matter of months, worth $5 trillion. 40 days later and nearly half of the country's market cap has been erased with an "emergency meeting" being convened by regulators. The next few months will be for the history books. Our outlook is summarized below.
The Kobeissi Letter
@KobeissiLetter
Jul 29
Absolutely incredible. In an unprecedented move, South Korea's stock market just collapsed -44% in 40 days, erasing -$2 trillion in market cap. Now, South Korea's finance ministry has announced plans to "stabilize" the market. What is happening? Let us explain. (a thread)

Jul 29, 2026 · 2:30 PM UTC

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Replying to @TKL_Adam @KobeissiLetter
I personally wouldn’t call it “incredible”… 😂
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Replying to @TKL_Adam
Wow that's some serious growth
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Replying to @TKL_Adam

ALT What Is Happening GIF by FanDuel
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Replying to @TKL_Adam
korean stock market's gettin' harder to read
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Replying to @TKL_Adam
This is insane x.com/the_vc_intern/status/2…
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Replying to @TKL_Adam
That's amazing! South Korea's stock market has really been on a roll. It's inspiring to see such growth and momentum.
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Replying to @TKL_Adam @KobeissiLetter
Don’t worry guys that’s won’t happen to the s&p 500 the people in charge in America are too “smart”
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Replying to @TKL_Adam
Feels like i watched this in a Korean movie before..
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Replying to @TKL_Adam
IMHO it feels like major players are openly manipulating markets in preperation for a long drought. War ?
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Replying to @TKL_Adam @KobeissiLetter
Remember when they banned short selling for 16 months?
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Replying to @TKL_Adam
What's the point of shorting stocks when governments always step in and never let it go to zero?
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Replying to @TKL_Adam @KobeissiLetter
what a retarded country how do they only have two worthwhile companies might as well invest in North Koreas market now
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Replying to @TKL_Adam @KobeissiLetter
They gonna ruin the markets for everyone
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Replying to @TKL_Adam
Wild swing. KOSPI rocketed to $5T and 6th globally, then lost nearly half in 40 days. That’s what happens when retail leverage meet macro shocks. 👁️Crypto effect: capital now flees to 24/7, borderless assets. BTC and stablecoins become the pressure valve when traditional markets seize and regulators call emergency meetings.
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Replying to @TKL_Adam
imagine if this was the sp500.
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Replying to @TKL_Adam
Looks like a pretty healthy pull back for a move like that no? @grok am I an idiot to think that?
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Replying to @TKL_Adam
well with the leverage they allow this is not really suprising....simple regulatin to stop thos forced liquiditations
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Replying to @TKL_Adam
Same thing happened with South Korea in the very late stage of the dot-com bubble. De-ja-vu x.com/i/grok/share/3a8ad70f7…

https://x.com/tkl_adam/status/2082473948252447167?s=12 Was there a si…

Yes, there was a notable parallel: South Korea’s own KOSDAQ market (tech/venture-focused) experienced a dramatic meteoric rise in 1999–early 2000, closely tied to the global dot-com/tech boom, followed by a sharp collapse coinciding with the Nasdaq peak and bust.<grok:render card_id="564b7b" card_type="citation_card" type="render_inline_citation"><argument name="citation_id">37</argument></grok:render><grok:render card_id="17dbe6" card_type="citation_card" type="render_inline_citation"><argu…

Answer by Grok
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Replying to @TKL_Adam
It look like Japan in the bubble burst. Nasty! 😭
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Replying to @TKL_Adam @austinsilverfx
Gamblers
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Replying to @TKL_Adam
@DolarHammali??? 🙀🙀🙀
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Replying to @TKL_Adam
Parabolic gains in the market are never sustainable. They fall and it is usually really fast.
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Replying to @TKL_Adam
youtu.be/KP8A4zJpW40?is=WQZQ…

Is Fusion Energy About to Dominate the Market?

Here is an optimized YouTube video description for your transcript:...

youtube.com
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Replying to @TKL_Adam @KobeissiLetter
The Korea discount was real, but this volatility is next level. Watching the rug pull in real-time is brutal. Buckle up, it’s about to get weird.
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Replying to @TKL_Adam @KobeissiLetter
It’s Beginning
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Replying to @TKL_Adam
The speed of both rise and fall suggests speculative momentum and forced deleveraging structural vulnerabilities exposed.
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Replying to @TKL_Adam
Parabolic rises driven by narrow momentum always carry symmetric downside risk. Emergency regulatory meetings won't substitute for organic bids—real stabilization only happens once forced liquidations run their full course.
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Replying to @TKL_Adam
Let the Koreans rotate to $BTC with the $BTC supercycle studied by the Bearish Dictatorship.
El General del Invierno ❄️
@Iosif_StalinBTC
Jul 29
Article

El verdadero superciclo de $BTC (Muy real esta vez)

Escribe @SalajeSavage El general me pidió ayudarle con estos artículos faltantes. ----------------------------------------------------------------------------- Sí, tal cual como leen en el título,
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Replying to @TKL_Adam
it's not going to go well with socialists in power.
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Replying to @TKL_Adam @KobeissiLetter
Actually no, it is charting 101
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Replying to @TKL_Adam
Kinh khủng, nhìn như phim Hàn vậy.
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Replying to @TKL_Adam
qoq
财经老王
@linda6248130564
Jul 29
惊险实录！韩国女主播直播爆仓，300万美元资产瞬间清零 韩国知名交易女主播 Jadoo 正在直播交易，数千名观众在线见证了惨烈一幕： 她的期货仓位遭遇强制平仓，账户瞬间亏损超过 300万美元，情绪崩溃的画面迅速在网络传播 6月23日，韩国股市遭遇剧烈波动 KOSPI指数单日大跌近10%，触发市场熔断机制；三星电子、SK海力士等芯片龙头跌幅超过12%，短短几日市场蒸发 742万亿韩元市值 这场直播爆仓，再次暴露了交易市场最残酷的一面： 高杠杆可以放大利润，也能瞬间放大风险 账面盈利不等于真正财富 情绪化交易，往往是亏损最大的来源 很多人喜欢展示交易中的高光时刻，却很少有人展示爆仓后的代价 市场从不会因为你的信念而改变 无论是普通散户，还是靠交易内容吸引流量的博主，都应该明白： 真正长期生存的交易者，靠的不是一次暴富，而是风险控制 投资永远伴随不确定性 保持敬畏，远离过度杠杆，才是在市场里活得更久的关键 #交易
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Replying to @TKL_Adam
It aint bubble ! Its sure that its a big dump right there, but the fundamentals aren’t changed. All noise and unsustainable supply and demand only helps you to buy more lower
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Replying to @TKL_Adam @KobeissiLetter
😆😆😆
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Replying to @TKL_Adam
Superb set up 👍
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