China's CXMT just broke the global memory chip duopoly held by Samsung, SK Hynix and Micron. Their IPO caused a major global semiconductor stock rout and Korean markets halted trading because it's basically propped up by these companies. And on top of that, there are now increasing worries about the whole AI bubble built on circular investments. If data center build out stops then the demand for chips and memory is going to collapse too.

It's also koreans addiction to gambling so they are all leveraged to the tits and buying options/futures...