Korea's stock market triggered circuit breaker again! $SKHYNIX Is 1429 a golden pit or a bottomless abyss?

Brothers, Korea's stock market triggered circuit breaker again today—the KOSPI index plunged 8.03% in the afternoon, triggering a 20-minute trading halt. SK Hynix fell over 10%.

Market news:
Today's core contradiction is simple: the better the earnings, the harder the fall.

Samsung Electronics' Q2 earnings forecast exploded—operating profit of 89.4 trillion Korean won, up 1,810% year-on-year, surpassing the total of the previous three years. But the stock price instead plunged over 9%. The logic is simple: Samsung's stock has already risen more than double this year, and "beating expectations" was already priced in. What the market worries about is: how long can AI-driven earnings growth last?

The chain reaction directly hit SK Hynix: the stock price plummeted, foreign capital continued to flow out, and the mechanical selling of leveraged ETFs further amplified the decline.

Technical analysis:
The current price has already broken through the previous support levels of 1513 and 1450.
Upper resistance: 1450, strong resistance 1513.
Lower support: 1400, if lost, look at 1350.

Gongming's view:
UBS just raised its target price from 3 million won to 3.2 million won today, reiterating "buy." SK Hynix's ADR will debut on Nasdaq this Friday, with a $28 billion IPO. Short-term sentiment is panicked, but the medium-to-long-term fundamentals haven't changed.

Trading strategy:
Aggressive: chase a short at current price 1440-1450;
Conservative: wait for stabilization after breaking below 1400, lightly try long at 1380-1400.

Circuit breakers are extreme sentiment, not the end of logic.
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