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"That Was The Era Of The Kospi Mania": Korean Retail Traders Vow Not To Buy After Historic Rout
"That Was The Era Of The Kospi Mania": Korean Retail Traders Vow Not To Buy After Historic Rout
By Youkyung Lee, Bloomberg Markets Live reporter and strategist
South Korea’s retail traders have long built a reputation for embracing risk. Yet July’s punishing reversal in the Kospi has rattled even this battle-hardened cohort, exposing the limits of their tolerance for volatility.
Some, like Kim Han-kyung, a Seoul resident in her late 30s, have resolved never to invest again, while others are comparing the $3.9 trillion market to a casino. Retail investors sold a record...
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