Song Mi-kyung pocketed a profit of about Won300mn ($200,000) earlier this year as South Korea’s stock market surged on the AI boom.
The 60-year-old Seoul resident has now found out the hard way that stocks can go down as well as up after a wild week on the Kospi.
Her portfolio now shows a paper loss of more than 60 per cent as the index heads for a record monthly slide. It is now down nearly 40 per cent from its June peak, wiping about $2tn off its value.
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