The Korean government is weighing measures to save the Korean Exchange as a massive financial panic spreads throughout the country.
  • gibmiserEnglish
    14·
    10 hours ago

    Time for the bailouts. Wonder how many trillions of dollars governments will give to these companies

  • [object Object]@lemmy.caEnglish
    7·
    8 hours ago

    It is still up 71% years over year, I think they’re doing just fine

    The only people affected here are the massively over leveraged.

    • justsomeguyEnglish
      6·
      9 hours ago

      According to Goldman Sachs, more than 1.2 million leveraged retail trading accounts in South Korea triggered margin calls as of July 13, with an estimated 320,000–360,000 accounts fully liquidated. Goldman’s strategists reckon this means around one in 30 adults in the country, or 3.4% of the adult ⁠population, have received margin calls.

      I think they might’ve had a couple of those.

      • [object Object]@lemmy.caEnglish
        4·
        8 hours ago

        Yeah, that tracks.

        This is why we can’t have nice things. Companies can’t even leverage their duopoly into 6x increase in profits without degens fucking up the whole stock market.