星球日报|Jul 20, 2026 04:30
**[AI Leverage Betting Concerns Intensify, South Korean Stocks Plunge 5%]**
Odaily Planet Daily News: South Korea's KOSPI index fell 5% as investors rushed to close positions related to artificial intelligence trades. The index is currently extending its four-week losing streak, having dropped 28% from its historical peak on June 22. This sell-off highlights growing investor anxiety over the market's increasing reliance on leveraged bets on AI chip manufacturers. South Korea has now become a key barometer of enthusiasm for the AI boom, and as market sentiment turns negative, the country is feeling downward pressure. "Although South Korea is still considered a preferred market in our allocation model, due to ongoing market volatility, we have downgraded its rating from overweight to neutral," Citi analysts stated, maintaining their target of 10,000 points for the KOSPI index. (Jin10)
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