US Stocks Lose $3 Trillion in a Day; Nvidia -9.3% and Korea's Leveraged Retail on the Brink
churchkey · x · 2026-11-06
- Nasdaq 100 fell 6.4% in one day, erasing over $2 trillion alone; total US market loss topped $3 trillion. Nvidia dropped 9.3%, US chip stocks 12.3%.
- Korea's biggest US-listed ETF fell 12.6%, double Seoul's own 5.3% close; KOSPI is down 42.6% from its June record of 9,385, SK Hynix -58% and Samsung -46% from highs.
- Korean retail bought the rally with margin loans, 2x leveraged ETFs and retirement savings: in July's crash 1.2M leveraged accounts got margin calls and 360K were force-liquidated (Citi). KOSPI closed at 5,383, lowest since April.
- The author warns Seoul's open will compound the damage, noting Korea's three circuit breakers.
Related event: AI Stocks Plunge in Historic Selloff, Wiping Over $3 Trillion in a Day(23 posts)→
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