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Korean stocks are crashing
The South Korean market just had its worst 2-day performance since the Great Financial Crisis
Global Markets Investor
March 04, 2026
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GLOBAL MARKETS INVESTOR’S PORTFOLIO IS 🔥UP +97%🔥SINCE JANUARY 2024
DURING THE MARCH-APRIL 2025 MARKET TURMOIL, MAJOR US INDEXES FELL NEARLY 20%, WHILE THE GMI PORTFOLIO GAINED OVER 5%, FIND OUT HOW BELOW:
The KOSPI index crashed -12% on Wednesday, marking the largest single-day decline on record, following a -7.2% drop on Tuesday.
The gauge is now down -24% since its all-time high, one of the fastest bear markets ever.
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This was driven by chip heavyweights Samsung and SK Hynix, each falling nearly -20% over the two sessions, with Samsung on track for its worst 2-day rout in nearly 5 decades.
Shockingly, the Samsung 2x leveraged ETF in Hong Kong cratered -19% in today’s trading session.
In effect, a key volatility gauge spiked to its highest level since the Great Financial Crisis.
The selloff was amplified by a record build-up of margin debt, as leveraged bets that once magnified gains turned into forced liquidations with prices in freefall.
Furthermore, active stock trading accounts in South Korea hit a record 102 million last week.
This all comes after the KOSPI had surged nearly +50% at its peak this year.
Meanwhile, despite the crash, mom-and-pop investors purchased +$4 billion worth of stocks during today’s session.
At the same time, foreign investors sold Korean stocks for 9 trading sessions straight and -$3.5 billion alone today.
Overall, overseas investors sold -$13.7 billion worth of KOSPI stocks in February, the largest monthly selling ever.
Meanwhile, the South Korean government is considering deploying its 100 trillion won market stabilization program to contain excessive volatility.
Even after the historic rout, the KOSPI remains up +21% year-to-date.
The world's hottest stock market just got a brutal reality check.
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