Looking at the latest forced liquidation data from South Korea, it seems like many people got liquidated yesterday. Yesterday morning, the KOSPI was at 6000, and SK Hynix was at 1.5 million KRW, which just matched the support levels given by various investment banks and analysts. But no one expected that by yesterday afternoon, the KOSPI would plunge directly to a low of 5296, and SK Hynix would drop to 1.26 million KRW, wiping out a large number of bottom-fishers or those betting on a rebound from the support level.