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The market's delusion of permanent liquidity has hit a wall. As predicted, the unsustainable exuberance built on overextended tech valuations is now violently unraveling. Today, the KOSPI triggered an automatic circuit breaker after a brutal 8% nose dive at the opening bell. This initial halt is merely the first domino to fall. With global leverage at terminal velocity, expect these panic-driven market freezes to become a regular, devastating reality across all major indices.