Bitcoin recovery contrasts with Korean stock market slump
Summary
South Korea’s KOSPI fell 5.5% on Tuesday and is about 38% below its June peak, amid concerns over AI investment returns and competition from Chinese chipmaker CXMT. SK Hynix and Samsung dropped around 10% and 7%. Bitcoin, by contrast, has rebounded from roughly $58,000 to as high as $87,000, while its 20-day rolling correlation with the KOSPI is -0.41. The divergence could reflect shifting investor sentiment, but does not prove capital is moving from AI stocks into bitcoin.
