AI stock swings wipe out retail investors' savings in Taiwan and South Korea

cnn.com

Retail investors across Asia are pouring into AI-driven tech stocks after record gains, but wild recent swings have wiped out many newcomers’ savings and fueled crash fears. Taiwan Semiconductor, Samsung and SK Hynix shares soared on AI demand, drawing record new trading accounts and record retail borrowing in Taiwan and South Korea. Samsung’s semiconductor profits rose more than 250-fold; leveraged ETFs amplified both gains and losses. Finance professors warn downturns could trigger panic-selling and a crash. Many novices lost savings; South Korea has apologized for risky ETFs and is tightening rules.


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AI stock swings wipe out retail investors' savings in Taiwan and South Korea | News Minimalist