Episode Description:
Goldman says machines, not fundamentals, drove Korea's circuit-breaker crash — here's the money trail.
Goldman Sachs traced 62% of Monday's institutional selling to ETF liquidations as the KOSPI plunged 8.95% before rebounding 0.73% to 6,856.83. Four single-stock leverage ETFs alone turned over 16.7 trillion won ($12 billion), foreign investors pulled a record $32.37 billion from Korean stocks in June, and retail traders sold a near-record 4.15 trillion won ($3 billion) into the bounce. Meanwhile, Bloomberg reports Samsung Electronics is revisiting a US ADR listing after SK hynix's $26.5 billion New York debut, and the government raised its 2026 growth forecast to 3.0% on the chip supercycle.
Sources:
* Mechanical Selling by Leveraged Funds Amplified the Crash; Semiconductors Aren't Done Yet — Seoul Economic Daily, July 14, 2026
* Single-Stock Leverage ETFs Swallow the Market, Taking Four of the Top 10 Spots by Turnover — Seoul Economic Daily, July 14, 2026
* Bloomberg: Samsung Electronics Revisits US ADR Listing — Seoul Economic Daily, July 14, 2026
* Foreign Equity Outflows Hit Another Record High in June — Seoul Economic Daily, July 14, 2026
* Riding Semiconductors to the Highest Nominal Growth Since the IMF Crisis — Seoul Economic Daily, July 14, 2026
* Retail Investors Buy Aggressively Through Six Down Sessions in July — Seoul Economic Daily, July 14, 2026
About AI PRISM:
AI PRISM is Seoul Economic Daily's WAN-IFRA award-winning newsroom AI series, delivering Korean economic news adapted for global audiences. Episodes are produced with AI assistance and reviewed by a human editor.
Tags:
#KOSPI #SKhynix #Samsung #LeverageETF #ForeignFlows #Semiconductors #AIPRISM #SeoulEconomicDaily #WANIFRA
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