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The time has come to test your faith in memory chips.
South Korea's stock market has crashed.
The KOSPI index fell over 7% intraday, Samsung Electronics dropped about 9%, and SK Hynix fell about 12%.
Leveraged ETFs on Hong Kong stocks are even worse:
07709 (2x Long Hynix) fell 23.29%
07747 (2x Long Samsung) fell nearly 26%
After a significant rally, the memory sector has indeed experienced considerable volatility recently.
Is this profit-taking or a trend reversal? The time has come to test your faith.