This week, the KOSPI index, dominated by South Korean tech stocks, plummeted about 20% in two days, triggering market risk aversion and fund rotation. Heightened geopolitical tensions combined with cooling speculation in AI concept stocks have become the main reasons for this round of stock market decline.#比特币

The stock market crash has rapidly shifted funds to the crypto market, with Bitcoin breaking through $73,000, and Ethereum, Solana, and others rising simultaneously, leading to a significant surge in crypto trading volume. The kimchi premium reflecting local demand remains in a moderate range of about **1%**, with no extreme premiums observed.#中东局势

This trend highlights the investment characteristics of South Korean retail investors: rotating allocations between the stock market and speculative markets like crypto, rather than fully exiting risk assets. Short-term fund flows will continue to be driven by geopolitical situations and market sentiment, with cross-border asset rotation patterns being closely watched.