KOSPI Breaks 3,100 Amid Stablecoin Warnings and Market Overheating Signals
Market Surge Triggers Caution Less than a month after the new administration's inauguration, South Korea's KOSPI index has broken through the 3,100 mark, continuing its remarkable rally. However, this rapid ascent has coincided with widespread warnings about stablecoin risks and signs of market overheating, prompting experts to caution investors about potential corrections ahead. The KOSPI's breakthrough of 3,100 points marks a significant milestone, representing the first time the index has reached such heights in over three years. The surge has been driven largely by optimism surrounding the new government's economic policies and expectations for digital financial innovation, particularly in the cryptocurrency and fintech sectors. Overheating Indicators Emerge The Korea Exchange reports that the number of stocks designated as short-term overheated has tripled compared to the previous month, with 30 stocks now classified as either inv...