Korean stock market circuit breakers! $SKHYNIX $160 billion evaporated in a single day, can we buy the dip at 1465?

Brothers, this wave today is too brutal—South Korea's KOSPI fell 7.89% triggering a circuit breaker, SK Hynix once fell over 14% during the session.

News Headlines:

The trigger for the crash is just one: Meta wants to sell excess AI computing power. The market interprets this as a signal that "cloud vendors' AI investment has peaked"—Meta building its own cloud to sell computing power indicates that computing power may be in surplus. OpenAI also reported that inference costs have dropped more than 50%, directly igniting the panic that "AI hardware demand is about to collapse."

But think calmly: Meta's capital expenditure guidance this year is $145 billion. Which company planning to shrink would do that? Wells Fargo also said the market completely misinterpreted it. SK Hynix's HBM4E just sent samples, fundamentals haven't changed.

Technical Analysis:

Current price 1465, has broken below all moving averages—MA7, MA25, MA99 all exerting downward pressure.

Resistance above: 1500-1510, strong resistance at 1556.

Support below: 1417, if lost, look at 1300.

Gongming's View:

Emotional panic selling, but the medium-to-long-term logic hasn't changed. Short-term trend is downward, don't guess the bottom, wait for a right-side signal.

Trading Strategy:

Conservative: wait for a rebound to the 1500-1510 range to go short; aggressive: go short near the current price of 1470.

Remember: Whales cutting losses is not the bottom; retail investors catching the falling knife is the trap.

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