South Korea’s stock market has experienced an extremely volatile year. From the beginning of 2026 through June 22, the KOSPI staged a powerful bull run, reaching an all-time high of 9,114.55 on June 22. However, Korean equities then entered a technical bear market, falling all the way to 5,593 on July 30, representing a 39% drawdown from the peak. Since then, the KOSPI has rebounded sharply. By August 18, the index had recovered to 6,913, up 23% from its July low. So why has the Korean stock market experienced such an extreme cycle of surge, collapse, and technical rebound? Why did Korean stocks rally so strongly from the beginning of the year to June 22? I believe there were two main reasons. 1. The AI supercycle Since the beginning of the year, the global AI supply chain has entered a su

Why Did CSOP Samsung Electronics Daily (2x) Leveraged Product Suddenly Surge? CSOP Samsung Electronics Daily (2x) Leveraged Product ($07747$) has surged 7.39% from today’s open so far.$南方两倍做多三星电子(07747)$$3倍做多韩国ETF-Direxion(KORU)$$韩国ETF-iShares MSCI(EWY)$ I believe there are several main reasons behind the move: 1. Samsung Electronics and Korean semiconductor stocks are rebounding strongly. Samsung Electronics, SK Hynix, and the broader Korean technology sector had suffered significant declines previously. Recently, however, risk appetite has recovered and capital has started flowing back into Korean semiconductor st

Tencent Music Entertainment (TME) fell 11.92% yesterday to close at $8.72, after touching an intraday low of $8.21. At first glance, the company’s earnings did not appear weak enough to justify such a sharp sell-off. So why did the stock tumble nearly 12% following the results? In the second quarter, TME generated RMB 8.93 billion in revenue, up 5.8% year over year and above market expectations. Revenue from music-related services increased 11% to RMB 7.61 billion, while membership revenue rose 8.1% to RMB 4.79 billion. Non-IFRS net profit increased 4.4% to RMB 2.69 billion. The problem is that markets do not simply price whether a company is growing. They price whether that growth is strong enough to justify its valuation. 1. Ximalaya contributed significantly to headline growth Ximalaya