韩国股市在AI交易热潮退却中遭遇剧烈抛售。[1]KOSPI指数于7月28日重挫近11%，29日盘中一度下跌13%，最终收盘跌近6%。[1]自6月22日的高点以来，该指数累计跌幅已接近38%。[1]
半导体龙头股同步大幅下挫，引发市场对AI资产高估值重新定价的担忧。[1]SK海力士29日股价再跌超9%，近一月跌幅近47%；三星电子近一月重挫35%。[1]杠杆产品的投资者面临更为惨烈的损失，3倍做多韩国ETF KORU从6月高点约64美元跌至14美元，累计跌幅达78%。[1]
面对散户巨额亏损，韩国政府的回应未能安抚市场。[1]政府政策室室长金容范表示，目前还没有到启动股市平准基金的阶段。[1]这一态度引发投资者强烈反弹。与此同时，韩国金融服务委员会委员长Lee Eog-weon表示，正考虑将杠杆产品准入限制在专业投资者范围内，并研究下调杠杆倍数。[1]
South Korea's benchmark KOSPI index experienced severe selloffs amid a retreat in AI-driven trading activity, plummeting nearly 11% on July 28 and falling as much as 13% intraday on July 29 before closing down approximately 6% [1]. Over the past month, the index has shed roughly one-third of its value, with cumulative losses reaching nearly 38% since peaking on June 22 [1].
The collapse has devastated leveraged investment products, particularly those betting on Korean equities. A 3x leveraged Korean ETF, KORU, cratered from its June high of around $64 to $14, representing a cumulative loss of 78% [1]. Semiconductor giants bearing the brunt of the selloff include SK Hynix, which fell more than 9% on July 29 alone and has plummeted nearly 47% over the past month, while Samsung Electronics declined roughly 35% in the same period [1]. Market participants increasingly view this volatility as the beginning of a broad revaluation of inflated AI-related asset valuations.
Facing substantial retail investor losses, South Korean authorities have signaled restraint on intervention. Kim Yong-beom, director of the presidential policy office, stated that current market conditions do not yet warrant activation of the stock market stabilization fund [1]. However, regulators are considering structural reforms: Lee Eog-weon, chairman of the Financial Services Commission, indicated that the government is examining restrictions that would limit leveraged product access to professional investors and is studying reductions in leverage multiples [1].
