South Korea's Market Meltdown 🌤️ The Morning Print

Good morning! 

Circuit breakers are becoming a common occurrence for the South Korean KOSPI.

Since May, the index has experienced four separate sessions with losses of 7% or more.

Let's take a look.

The KOSPI just closed down nearly 9%, decisively resolving lower from a multi-month top.

It's now also in its biggest drawdown since tripling off the April 2025 lows.

SK Hynix, the largest company from South Korea, began trading in the U.S. on Friday where it opened more than 14% above its ADR asking price.

That strength didn't seem to matter for the KOSPI's first trading day of this week.

The focus for today is whether or not that weakness spills over into the memory and semiconductor trade, which based on the premarket action, appears to already be happening.

The Green Light Live Event

The index is near record highs.

The average stock is having a much rougher year, and that gap is the whole reason a good-looking chart keeps stopping you out. 

Grant Hawkridge reads the current environment live and names the groups he expects to lead into Labor Day. 

Free live training, July 15th at 8 PM ET. 

Grab your spot here.