Quick breakdown of why markets are showing all red today
Hawkish Fed + BofA calling for 3 hikes + hyperscalers sliding on AI capex concerns Monday. That hit Korea at the open, which is the most leveraged AI market on earth (KOSPI up 177% YoY, Korean retail loaded to their teeth on margin).
Forced selling triggered circuit breakers, panic compounded. Then US pre-market algos probably also just dumped into the gap down. Demand hasn't changed, it's more of unwinding leveraged positions.
Koreans leveraged up means stocks can rally, but can also fall just as fast.