On July 13th, South Korea experienced a significant market event where over 1.2 million leveraged retail accounts faced margin calls. Approximately 320,000 to 360,000 of these accounts were fully liquidated by brokerages, resulting in a complete loss of principal and, in some cases, negative balances owed to the firms. AI
RANK_REASON Significant market event with widespread impact on retail investors, reported by a financial regulator. [lever_c_demoted from significant: ic=1 ai=0.0]
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