The 2026 South Korean Stock Market Crash is occurring right now.
u/mark000 ·
Reddit — r/wallstreetbets
· July 29, 2026 at 04:57
· ⬆ 218 pts
· 💬 118 comments
| View on Reddit ↗
AI Summary
Summary
Post describes a catastrophic collapse in South Korea’s KOSPI index (down 42% from peak in five weeks), triggered by SK Hynix earnings and an AI-bubble bust.
Author’s thesis is that a full-blown crash is underway, with the government scrambling to stabilize the market; tone is alarmist and implies further downside.
Quality assessment: Speculation / noise with factual price data; lacks rigorous analysis or a personal position, but the market event is real and dramatic.
Score218
Comments118
Upvote %98%
▶ Full Post Text
All Time High five weeks ago: **9114**
Monday close: **6755**. Down 26%
Tuesday close: **6023**. Down 34%
Wednesday midsession: **5270**. Down 42%
Feel free to express your feelings, opinions and advice to the people experiencing epic loss right now.
[Article](https://m.economictimes.com/markets/us-stocks/news/kospi-crashes-11-plunges-43-from-peak-after-skyrocketing-rally-is-the-ai-bubble-going-bust/amp_articleshow/132701189.cms)
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* Kospi crashes 12% after SK Hynix earnings; best performing Asian market of 2026 plunges 43% in a month.
* South Korean government scrambles to save 'unstable' stock market
* What lies ahead?
KOSPI has fallen 42% from its high in a month; SK Hynix earnings triggered a 12% single-day drop; government intervention signals systemic stress. This extreme velocity and leverage (per comments) suggest forced selling and deleveraging cycles, creating a momentum-driven overshoot that can be exploited via short exposure. Short EWY (South Korea ETF) to capture continued downside as the crash unfolds, with potential for further 10-20% decline before stabilization. Government bailout or circuit-breakers could trigger sharp rebounds; leveraged short squeezes; Samsung (15x P/E) and SK Hynix (17x P/E) are already at value levels, which may attract buyers. No other actionable trade ideas in this post.