First-Ever Back-to-Back Circuit Breakers — Today I Just Watch

KOSPI cratered 7.56% and KOSDAQ 7.17%, tripping circuit breakers two days running — something that's never happened before. Foreigners dumped over 4.5 trillion won worth of KOSPI stocks and the 183 billion won institutions bought back couldn't begin to cover that, while AI-spending jitters ahead of big tech earnings hammered chips and AI names. The Bank of Korea says chip earnings will cushion the fall from here, but instead of betting on that line today, I'm just watching where the money's rotating — into materials and staples — and keeping my hands in my pockets.