Geopolitical tensions and AI-related credit risks weigh on the Korean market.

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The Fear and Greed Index reached extreme fear levels as geopolitical tensions and AI-related credit risks weighed on the Korean market. Stalled negotiations over the Hormuz Strait and a 30.5% year-over-year decline in U.S. oil reserves to 283 million barrels heightened energy concerns. CoreWeave’s CDS spread surged to 1,128 bps, far exceeding Oracle’s 300 bps. On-chain data shows the KOSPI dropped 14.5%, its largest decline since 2008, with Samsung and SK Hynix falling 17% to 24%. Removal from the MSCI index looms, and Bitcoin purchase speeds have slowed.

PANews, October 22: QCP Capital's analysis notes that negotiations regarding the Strait of Hormuz have stalled, intensifying geopolitical tensions and raising concerns over energy supply, as the U.S. Strategic Petroleum Reserve has fallen to 283 million barrels, a 30.5% year-over-year decline. In AI financing risk, CoreWeave’s CDS spread has widened to 1,128 basis points, significantly above Oracle’s 300 basis points, as credit spreads in the technology sector continue to expand. South Korea’s KOSPI index plunged 14.5%, marking its largest drop since October 2008, with Samsung Electronics and SK Hynix shares falling 17% to 24%. Additionally, Strategy faces potential removal risk from the MSCI index review in November, while Bitcoin purchase momentum has slowed.

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