Post #4347969

Uh-oh! A debt-fuelled boom "More than a million South Koreans are underwater as a result of the crash, and several hundred thousand have lost everything..." "They borrowed to the hilt to take part in a frenzied splurge on technology stocks, particularly memory chip makers, in a market now experiencing a savage reversal." "Nothing, not even the stellar earnings of the country's two biggest chip makers, has been able to stem the panic..." Via: @SrRochardBunson@universeodon.com https://www.abc.net.au/news/2026-08-03/korean-markets-threatening-upset-tech-boom/106981956 #Tech