What's happening in South Korea's stock market has truly been one of the most incredible things to witness in decades.
South Korea's KOSPI went from barely being in the top 15 largest stock markets to 6th in a matter of months, worth $5 trillion.
40 days later and nearly half of the country's market cap has been erased with an "emergency meeting" being convened by regulators.
The next few months will be for the history books.
Our outlook is summarized below.
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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 plans to "stabilize" the market.
What is happening? Let us explain.
(a thread)
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