EconomySouth Korea’s rookie investors lose small fortunes amid AI stock frenzy
South Korea’s AI-driven chip rally drew millions of first-time investors into stocks. When the KOSPI plunged nearly 40 percent from its June peak, many saw their gains disappear, while heavy borrowing deepened losses. The volatility has also fueled scrutiny of President Lee Jae Myung’s efforts to broaden market participation and promote leveraged products.
South Korea’s rookie investors lose small fortunes amid AI stock frenzy
Economy