Jim Cramer warns of looming nightmare for tech stocks as US and Korean markets now handcuffed to each other
News Source : Yahoo Entertainment
News Summary
- The Korean and u.s. stock markets are increasingly moving lockstep, and Jim Cramer is starting to worry.
- A big reason is KOSPI's growing dependence on two AI chipmakers: SK Hynix and Samsung.
- Together, the mega-cap companies now account for roughly 50% of the index.
- Cramer said he "no longer feel[s] that you'll get out alive" if traders continue using borrowed money to chase AI stocks, but he's not giving up on the trade.
The Korean and U.S. stock markets are increasingly moving lockstep, and Jim Cramer is starting to worry.
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