Bitcoin's recent surge of almost 35% after Donald Trump's election victory has had a significant impact on global markets.

This rise in the cryptocurrency has put pressure on South Korea's small cap stocks, particularly affecting the Kosdaq Index, which is heavily weighted towards smaller companies.

Consequently, the Kosdaq Index has seen an 8% decline, making it the worst-performing index in Asia this year.

Investors are closely monitoring this trend as it highlights a growing divide in investor sentiment and market dynamics between the booming cryptocurrency market and the performance of small cap stocks in South Korea.