Anyway, having said all that…The Korean stock market has been crashing for weeks now. Around March, Korean stocks went on an epic tear; the KOSPI index rose from around 5,000 to over 9,000. All of this created extra selling pressure, and so increased the rate at which Korean stock prices fell since late June. And at that point, there could be a big, big bust — similar to when railroads went under in 1873. Update: One possibility I should have mentioned is that the Korean stock crash is the start of a general crash in AI stocks — the long-awaited “AI bubble pop”.