South Korean stock plunge drags down $SKHYNIX ! Is 1648 a golden pit or a bear market relay?

Brothers, today the KOSPI index plummeted by 2.04%, and SK Hynix fell 3.4% alongside it, currently at 1648.

News:
Heavyweight positive: SK Hynix officially filed for a US IPO, planning to list on Nasdaq under the ticker "SKHY." Listing in the US implies a valuation revaluation + global capital attention, a medium- to long-term positive.

Massive expansion: The group is investing 1100 trillion Korean won to expand semiconductor supply, with the Yongin DRAM capacity completion brought forward by 12 years.

Negative factors: US antitrust class action lawsuit, accusing joint restriction of DRAM supply; today's sharp drop in KOSPI also weighs on sentiment.

Technicals:
Current price 1648, has broken below the recent key support zone.
Resistance above: 1700, 1750-1770.
Support below: 1620, then 1560 further down.

Gongming's view:
Short-term dragged by the broad market + negative lawsuit pressure, but fundamentals are solid—HBM market share of 56.4% ranks first globally, AI memory super cycle just started, US IPO imminent. Long-term cost-effectiveness is high around 1648.

Strategy:
Aggressive: Open a small long position near current price 1648.
Prudent: Wait for a pullback to around 1620 to enter in batches.

Panic selling in the Korean stock market often offers discounts on quality assets. But don't go all in; building positions in batches is more stable.
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