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Although I have already sold SK Hynix, don't be fooled by today's sharp drop in Korean stocks. Tomorrow is Samsung's Q2 earnings release.
I've checked, and major Korean securities firms have already lowered their expectations. It feels like they're setting the stage for Samsung to beat expectations.
Because if it falls short, the damage could be much worse than Meta's. SK Hynix's ADRs won't be easy to sell.
You know how interconnected the chaebol society is. This week, the Korean media has been hyping "Korea Week," so they can't afford a sudden collapse.