Post preview
The Korea crash already happened. KOSPI fell 9.99% on June 23. Circuit breakers triggered. KOSDAQ down 8%. Foreign investors sold for 21 consecutive sessions. Forced liquidations hit ₩91.7B in a single session. This wasn't a prediction. It was a confirmation. Global margin debt is at or near record levels across six major markets: 🇺🇸 US: $1.42T — up 53.7% YoY. Net credit balance near record low of -$871B. 🇨🇳 China: $412B — a fresh record. Regulators are watching. 🇰🇷 Korea: Strict margin $23–26B. Total retail leverage potentially up to $68.5B. Samsung + SK Hynix = ~50% of KOSPI. 🇹🇼 Taiwan: +160% YoY surge. Defaults rising. Near dot-com era highs. The level matters. The rate of growth matters more. And the concentration risk underneath both is what turns a correction into a cascade. Paper profits look good on a screen. They're better in your pocket. Before your next trade — do you know where the leverage sits in the markets you own? Full analysis (fact-checked via Pukka Verified — Claude + Grok) now live on Pukka Perspectives:
Comments