Korean stocks in today’s market circuit-breaker instantly! SK hynix (SK Hynix) plunged 15.37%, posting the biggest single-day drop in its listing history; the KOSPI then crashed by nearly 9%, and Samsung also fell 11% in tandem.


After the ADR US stocks surged 13% on the first day, Korean shares immediately took profits plus saw arbitrage/sell-off pressure; Q2 profit expectations were cut; on top of that, concerns about the cost of building plants in the US under US pressure added more fuel—multiple factors blew up at once.
The Bank of Korea is still pushing support for an “AI super cycle” lasting at least into next year, but with such a brutal near-term adjustment, are valuations really a bit too high?
Is the AI boom just a halftime break, or has it already topped? Brothers and sisters holding positions—can you still sleep tonight?
SKHY22.77%
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