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South Korean equities remain under EXTREME PRESSURE: The KOSPI fell -0.81% on Monday, to its lowest level since February. The KOSDAQ declined another -0.82%, returning to levels last seen during the December 2024 martial law crisis. This comes as foreign investors recorded their 7th consecutive session of selling Korean equities. The KOSPI is down -47% from its June peak, while the KOSDAQ has plunged -48% from its April peak, wiping out more than -315 trillion won, or ~$233.8 billion, in market capitalization. Meanwhile, market breadth continues to deteriorate, with 463 KOSDAQ stocks hitting 52-week lows, while average daily trading value has collapsed -53% since the first half of the year. Foreign investors have now SOLD more than -4.35 trillion won, or over -$3 billion, in KOSDAQ stocks since July. Market carnage in South Korea continues. $KORU $EWY $SKHY

South Korean President Lee Jae Myung unveiled the country’s largest ever budget, pledging to “boldly invest in AI and future growth engines.” Speaking to the National Assembly, Lee said total spending for 2027 would rise 12.8% to 820.9 trillion won ($610.14 billion), including 21.3 trillion won for semiconductors, physical AI and AI data centers — nearly double the 2026 level. A separate 4.7 trillion won will go toward developing a sovereign AI model with what Lee described as the “world’s highest performance”:

South Korean chip stocks plummeted in pre-market trading, auguring a painful day for the region as fears deepened over how the Democrat sweep of Congress could slow AI infrastructure expansion