South Korean stocks experienced a sharp decline, with the Kospi index plummeting nearly 10% from its record high. Chip giants SK Hynix and Samsung Electronics led the sell-off as investors grew concerned about an overstretched rally. This downturn follows a period of strong gains, with market watchers now closely awaiting Micron Technology's earnings for insights into the semiconductor sector's health. Foreign investors offloaded significant holdings amid rising market volatility.
  • rose56@lemmy.zipEnglish
    15 minutes

    Let it crush, let it crush, people don’t understand, people don’t understand, only when it crashes they will see the problem.

  • DontRedditMyLemmy@lemmy.worldEnglish
    2 hours

    If you want this thing to burst sooner than later, I could buy my first share. My timing is always impeccable.

  • HubertManne@piefed.socialEnglish
    2 hours

    Honestly I think the circuit breakers at small levels like 10% are part of the reason the market is sorta messed up. more companies should have crashed and burned.

    • gole@lemmy.zipEnglish
      6 hours

      Yes, this is old news. Today numbers went up again.

  • Buffalox@lemmy.worldEnglish
    8 hours

    Samsung’s stock price appreciation should lead that of SK Hynix, given the former’s stronger earnings outlook.

    This is exactly what I argued the other day, where it was posted that SK Hynix was worth more than Samsung electronics.
    There is no way in hell SK Hynix can be worth more than Samsung electronics.

  • Eternal192@anarchist.nexusEnglish
    8 hours

    I never wished death on anyone or anything but seeing this fucking abomination slowly die puts a smile on my face.

    • Buffalox@lemmy.worldEnglish
      7 hours

      What abomination exactly do you mean?
      Kospi is a Korean stock index.
      I guess you mean AI, I just don’t see AI as one single thing.
      AI won’t die, the industry will merely crash economically, but AI services will still be there.
      And they need to be way more regulated.

      • MyTurtleSwimsUpsideDown@fedia.io
        6 hours

        The hype can die. The force feeding can die. The market bending, consumer hardware scarce-ifying, and local infrastructure upending spending can at least temper a bit.

  • FlashMobOfOne@lemmy.worldEnglish
    5 hours

    There have been several micro-crashes. There was one last autumn in the crypto space.

    Hopefully regular people are given enough time when the bubble pops to maneuver, but there’s no guarantee. I’m just assuming there will be a coordinated effort among the Epstein Class when the crash becomes inevitable and they’ll exploit it while most retail investors lose everything.

      • FlashMobOfOne@lemmy.worldEnglish
        4 hours

        Yeah, I know. It’ll almost certainly be a quick, real-time crash that the Signal chatters in Washington had advanced warning about, and retail investors will listen to Jim Cramer telling them to keep investing and lose their hats in the process.

        • urushitan 漆たん@kakera.kintsugi.moeEnglish
          4 hours

          Many people who aren’t retail investors won’t even have a choice anyway. Their 401(k) will be tied up in speculative funds they don’t control. People’s retirements will shield the rich, all part of the plan

  • melsaskca@lemmy.caEnglish
    7 hours

    I think they will completely drop AI in the next few months and go full in on wearable “tech” vests. /s