Korea Fell 9% in a Day. Is AI Demand Cracking — or Did a Crowded Trade Unwind?
The KOSPI crashed 8.95% on July 13 and broke 7,000. But the won moved 0.13% and refiners rose. What the numbers actually say about the AI trade.
S-Oil
No, SpaceX Won’t Save Korea’s Refiners. Something Far Bigger Already Is.
The SpaceX-to-jet-fuel thesis for Korean oil refiners is wrong on both counts. But the stocks are soaring anyway — for a completely different reason.