BREAKING
AI Rally Built on Borrowed Money
0
T won
leverage balance
0
B
in US dollars
0
T won
margin loans, April
Kospi and TAIEX surge in 2026
Kospi
90
TAIEX
50
Three chipmakers dominate
Samsung+SK hynix in Kospi
55
TSMC in TAIEX
40
Structural demand vs. fragile cash
The driver
AI capex
●
Hyperscaler AI spend near $720B in 2026
●
Soaring demand for HBM chips
The risk
leverage
●
Retail margin debt more than doubled
●
Forced selling could amplify any drop
Can demand absorb a correction?
AI NEWS BLITZ
Taiwan and Korea's AI-chip rally is increasingly resting on borrowed cash.