WSJ: Korea's KOSPI, the World's Hottest Market, Risks Becoming a 'Squid Game'
- The Wall Street Journal warned that South Korea's KOSPI — Asia's best-performing major index in H1 2026 with gains of nearly 100% — is showing classic signs of an overheating, winner-take-all market vulnerable to a sharp reversal.
- Goldman Sachs still sees the KOSPI heading to 12,000 over the next 12 months (about 20% upside) but warns the path will be 'bumpy' as concentration in Samsung Electronics and SK Hynix drives most of the rally (Business Insider).
- The cautionary WSJ piece lands as global funds rotate out of overheated AI-chip trades and as US chip-stock hedge-fund positioning drops for a fourth straight week — implications for Samsung, SK Hynix (now US-listed) and Korean ADRs.