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The Kobeissi Letter

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Official X account for The Kobeissi Letter, an industry leading commentary on the global capital markets. Email us: support@thekobeissiletter.com

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Jul 29, 2026
Absolutely incredible. In an unprecedented move, South Korea's stock market just collapsed -44% in 40 days, erasing -$2 trillion in market cap. Now, South Korea's finance ministry has announced plan...
SummarySouth Korea's stock market crashed 44% in 40 days, losing $2 trillion in value after a 135% surge driven by AI-related gains in Samsung and SK Hynix. The collapse was triggered by extreme market concentration (50% in two stocks), record leverage through ETFs, and unprecedented retail trading, prompting government intervention with trading restrictions.12 tweets1 min read