What India’s investors can learn from South Korea’s market meltdown
The reversal began in late June. Concerns that major US technology companies had overbuilt AI data centres, coupled with disappointing earnings, erased 27% of SK hynix’s market value in just three trading sessions in late July, dragging Samsung lower as well. The potential for increased Chinese competition compounded the pressure. Falling prices triggered margin calls, accelerating forced selling. Because the two companies dominated the index, the broader market plunged with them.
