WHY THE KOSPI KEEPS CRASHING. 🚨 Five things are driving the violence. 1. It runs on retail: quick flip mentality turns every dip into a crash and every bounce into a spike. 2. Samsung and SK Hynix alone are nearly half the entire index. Two stocks move the whole country. 3. Margin debt hit a record 38 trillion won. Leveraged ETFs on Samsung and SK Hynix double every move, forcing faster selling. 4. The won is a local currency, not a global reserve. Foreign selloffs hit harder with less support. 5. SK Hynix just passed Samsung as Korea's most valuable company. Elevated volatility is here to stay for all markets.(Crypto Rover)