Korean stocks plunge over 20% from their peak, set to enter a technical bear market

Golden Ten Data reported on July 8 that leveraged ETFs amplify two-way volatility, further intensifying market fluctuations. The current increase in volatility is largely due to fundamental uncertainties. AI-driven semiconductor demand is indeed strong, but this demand is actually supported by approximately $1 trillion in capital expenditures controlled by only a handful of major technology companies. If this chip spending proves unsustainable, there will be downside risks.