{"id":435130,"date":"2026-07-31T07:12:08","date_gmt":"2026-07-31T00:12:08","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/south-koreas-kospi-rises-14-435130\/"},"modified":"2026-07-31T07:12:08","modified_gmt":"2026-07-31T00:12:08","slug":"south-koreas-kospi-rises-14","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/south-koreas-kospi-rises-14-435130\/","title":{"rendered":"South Korea&#8217;s Kospi rises 14%"},"content":{"rendered":"<div>\n<p>It&#8217;s not a huge surprise given the rebounds in chip stocks today but it&#8217;s still unbelievable to see a national index swing like the Kospi has this week.\u00a0<\/p>\n<\/p>\n<p>I have to tip my hat to the degens in South Korea, they&#8217;re truly the champions of the world.<\/p>\n<p>The catalyst here is that Leopold Aschenbrenner &#8212; who is evidently supposed to get married this weekend to the chief of staff of Anthropic &#8212; blew up his hedge fund after repeated margin calls on chipmakers, including a large position in SK Hynix. That&#8217;s been cleared out with Citadel taking over his positions (likely at a discount) and that led to <a href=\"https:\/\/investinglive.com\/stocks\/did-we-just-witness-the-largest-single-hedge-fund-rout-of-all-time\/\" rel=\"follow\">enormous gains<\/a> in his portfolio names in the US today.<\/p>\n<p>The drop in the index hit 5262 two days ago and that didn&#8217;t quite get to the 61.8% retracement at 5050 but it retraced the April rally completely.<\/p>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s not a huge surprise given the rebounds in chip stocks today but it&#8217;s still unbelievable to see a national index swing like the Kospi has this week.\u00a0 I have to tip&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-435130","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/435130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=435130"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/435130\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=435130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=435130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=435130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}