South Korea Holds Emergency Meeting as 864 Trillion Won Leaves Its Stock Market

3 months ago by ☆ Yσɠƚԋσʂ ☆ to c/worldnews

South Korea's authorities convened an emergency meeting after the KOSPI lost 864 trillion won and hit circuit breakers.
dropdrip 23 points 3 months ago

Something something... free markets... capitalism--no! Not like that!

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umbrella 10 points 3 months ago
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orc_princess 6 points 3 months ago

Is this just fraud as usual or is there something else going on? Is it at all related to antitrust allegations of price fixing and such?

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yogthos 19 points 2 months ago

China's CXMT just broke the global memory chip duopoly held by Samsung, SK Hynix and Micron. Their IPO caused a major global semiconductor stock rout and Korean markets halted trading because it's basically propped up by these companies. And on top of that, there are now increasing worries about the whole AI bubble built on circular investments. If data center build out stops then the demand for chips and memory is going to collapse too.

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Thesilverpig 7 points 3 months ago

*starcraft marine, "Hell... It's about time."

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orc_princess 3 points 2 months ago

That's extremely insightful, thank you

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yogthos 3 points 2 months ago

O7

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Benaaasaaas 5 points 3 months ago

It's also koreans addiction to gambling so they are all leveraged to the tits and buying options/futures...

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ncc74656 3 points 3 months ago

South "Korea"*

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Jaderick 4 points 3 months ago

What does this mean?

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ShinkanTrain 16 points 3 months ago

It likely means they don't want to legitimize the state formed so that US and its puppet dictator could go on to on to level every "North" Korean city, killing 15% of the population because gobunism bad

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Nonconfrontational 11 points 3 months ago

15? 25, lol.

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Jaderick -3 points 3 months ago

… What does this mean?

Is this comment about Yoon Suk Yeol?

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QinShiHuangsShlong 5 points 3 months ago

No it's about the USMGK and their puppet Syngman Rhee and their many massacres followed by the war of extermination they lead against the DPRK (the legitimate successor to the PRK outlawed by the USMGK) where between 1/5 and 1/4 of the population of the DPRK was killed alongside the destruction of 80% of structures and the majority of the farmland leaving survivors starving and living in caves.

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ncc74656 -4 points 3 months ago

South "Korea" is about as real as Taiwan. They exist only to serve as Vassal states for the US.

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Jaderick -3 points 3 months ago

I have a bridge to sell you if you think Taiwan isn’t real.

Imagine supporting Chinese imperialism purely because it’s not western. Could never be me lol

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pleiades 5 points 3 months ago

If someone like waffles, does that mean they must hate pancakes?

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CardboardDecoy -12 points 3 months ago

I don't care about downvotes and I understand where you're coming from...

But I need you to understand you sound fucking nuts.

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pucker4676 9 points 3 months ago

I mean, it was a couple of Americans that decided where the North/South Korean border would be. South Korea basically is a vassal state.

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RiverRock 8 points 3 months ago

This is all you guys have at the end of the day, just desperately declaring dissenters insane like a bunch of Victorians when it's always been you living in an insane, fabricated reality, and I know this because I used to be you.

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Jaderick -16 points 3 months ago

This reeks of authoritarian dipshittery, but I’ll still ask about your reunification plans

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Fancy_Gecko 13 points 3 months ago

authoritarian

what a thought terminating cliché

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RiverRock 10 points 3 months ago

"This sounds like Stupid Bad Guy talk"

Damn dude wicked insight, you don't sound 12 at all.

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