The South Korean market is breaking all trading records: The trading volume in the South Korea ETF, EWY, spiked to a record $6.2 billion on Thursday. This surpasses the previous high by +138%. Subsequently, foreign investors sold -$4.7 billion of South Korean stocks on Friday, the largest single-day outflow on record. This comes after a record +$2 billion daily inflow in the 2nd week of February. Meanwhile, the Kospi index is up +175% from its April 2025 low. The index also rallied from 5,000 to 6,000 in 18 trading days, the fastest 1,000-point move in its history. South Korea's economy is rapidly expanding due to AI.(The Kobeissi Letter)