The Korea KOSPI index fell by 9.99% today, becoming the largest declining stock index.


Following the KOSPI index are the Nikkei and Shenzhen, which only declined by a little over 3%.
So I’m thinking about bottom-fishing Korean stocks.
After all, #三星 和 #Hynix is the storage leader, with Micron and SanDisk holding the second and third market shares.
Samsung and Hynix also have P/E ratios of only over 20, while $MU has a P/E of 57, and $SNDK has a P/E of 79.
This may be related to the environment in the two countries, but the US might raise interest rates now, or at least the market is expecting rate hikes.
Is it possible that Samsung and Hynix have a better cost-performance ratio?
Today, Samsung and Hynix dropped 10% and 12% respectively, and Brother Feng bought some Samsung on Gate.
The 15-minute RSI dropped to 17, short-term expecting a rebound; if caught in a dip, it’s a long-term accumulation.
Gate used to connect directly to the US stock market, and now it also supports Korean stocks, with over 1,500 stocks traded in the same account for US, Korean, and Hong Kong stocks, plus over ten thousand TradeFi assets including ETFs, no need to open a new account.
Buy Korean stocks directly with USDT, no need for Korean won.
No new KYC required, basic KYC is enough.
Moreover, Gate’s stock market supports 24/7 trading, so you can enter or stop-loss and take-profit at any time.
Hope Korean stocks don’t let me down, allowing me to take profits instead of stopping losses!
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