Top Tweets for #Cxmt

⚠️ WARNING Every global crash starts with South Korea. It sounds ridiculous. Until you look at the history. 1997: - The Korean won collapsed - KOSPI crashed - Foreign exchange reserves nearly ran out - Then the Asian Financial Crisis spread across the world 2000: - South Korean semiconductor stocks topped first - Months later, Nasdaq dumped 78% - The Dot Com Bubble popped 2008: - Korean stocks started breaking down - Just over a month later, Lehman Brothers collapsed - The global financial system went with it 2021: - Bill Hwang used extreme leverage through Archegos - The fund exploded - Global banks lost more than $10 billion - Credit Suisse alone lost $5.5 billion 2022: - Do Kwon launched LUNA and UST - More than $40 billion vanished almost overnight - Then came Three Arrows Capital, Celsius, and FTX Now the warning is coming from KOSPI again. Samsung and SK Hynix dominate the index. More than $30 billion flowed into leveraged products tied to the two companies. These products rebalance every day. When prices rise, they buy more. When prices fall, they are forced to sell. The deeper the market falls, the more selling the products create. KOSPI has already fallen 25% in just a month. The leverage that created the boom is now creating the crash. Forced selling is feeding more forced selling. South Korea has warned the world before. It's warning us again. Pay attention.