Xinhua News Agency: South Korea's stock market's extreme movements reflect the risks of "emotional" investing.

On the 15th, the opening of the South Korean Composite Stock Price Index saw a rapid increase of 7%, as the KOSPI200 index futures experienced violent fluctuations, prompting the Korea Stock Exchange to implement a "temporary trading halt" measure. So far this year, the Korea Stock Exchange has implemented the "temporary trading halt" measure 36 times, with the KOSPI triggering the circuit breaker mechanism 7 times due to extreme drops. Recently, the KOSPI briefly entered a technical bear market, and on the 14th, after a circuit breaker in the previous trading day, it experienced a "rollercoaster" market with a "deep V" reversal and closing. Journalists observing the situation found that the extreme trends in the South Korean stock market reflect the huge risk brought about by emotional investing: when market expectations continue to strengthen, stock prices rise far beyond the support of economic fundamentals; however, once confidence shakes, a sharp drop follows. For South Korea, AI and semiconductors remain strategic industries with strong international competitiveness in the future. However, when policy support, industry capital, and residents' wealth allocation all focus on a single track, market expectations will continue to magnify, leading to extreme market risks. Analysts point out that the real issue to be addressed in the future is how the government can strengthen investor education and guidance, allowing investments to return to industrial value and economic fundamentals.