KOSPI Started The Market Crash, KOSPI Can Recover

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US stock market is down, nasdaq is down 5000 points from the last major high. It all started with The Korea Composite Stock Price Index (KOSPI) which is down approx. 4300 point from the last major high.

KOSPI now stands at 5,059.69, down -324.11 (-6.02%) for the day following a broader technology and AI-related market sell-off.

However today it has reached major crucial level which if tuned in to support can give markets some recovery. I am expecting a bounce on the KOPI which in my opinion should lift Semiconductor, AI and other tech markets including NASDAQ.

Lets wait and watch what happens next week.

Not a financial advice as usual.

Penafian

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