South Korea's KOSPI index closed up 18% on Friday, drastically reversing the downward trend of the previous three days and recording the biggest single-day increase in history. According to LSEG data, five of the top ten single-day increases in the KOSPI index in history have occurred since March, while three of the four major one-day declines in the past ten years have occurred in the last five weeks. “The gamification of the stock market has led to sharp fluctuations. This fluctuation is more due to news trends and trends than fundamental factors,” said Peter S. King, global strategist at KB Financial Group. This fluctuation has become a major challenge for policy makers. The rapid rise and fall of the Korean market has made it known as the “Squid Game” market. The name derives from the country's popular dystopian survival thriller series, in which desperate characters resort to violence in competition for money. “We expect market volatility to remain high.” BNP Paribas analyst William Bratton said that South Korea is becoming the center of discussions surrounding the sustainability of the AI-driven tech supercycle.

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