# @KobeissiLetter: South Korea's stock market collapsed 44% in 40 days

Source: https://x.com/kobeissiletter/status/2082463897387257895?s=12

Absolutely incredible.

In an unprecedented move, South Korea's stock market just collapsed -44% in 40 days, erasing -$2 trillion in market cap.

Now, South Korea's finance ministry has announced plans to "stabilize" the market.

What is happening? Let us explain.

(a thread)