Viral chart: global stocks down ~$10T from highs, South Korea -43%; a 43% drop needs a 75% gain to recover
A chart going around X this weekend says global stock markets have lost about $10 trillion from their yearly highs, with South Korea down 43% ($1.15T).
I haven't checked it against index data, but the math on Korea is brutal: a 43% drop needs a 75% gain just to get back to even. And about half that market is chipmakers like Samsung and SK Hynix.
https://x.com/MumbaichaDon/status/2113864449312596197
Sources: @alanrog3: Global markets lost around $10T from yearly highs, South Korea down 43%, US nearly $2T · @jun_song: Roughly half of the South Korean stock market comes from chip makers like Samsung and SK
Not financial advice. For informational and educational purposes only.
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