Korean stocks plunge like a crash, down 5.6%! Samsung and SK Hynix both break down—MiG: Don’t reach out to catch a falling knife!

Brothers, today the Korean stock market completely crashed! The KOSPI index plunged 5.61%, Samsung fell more than 6%, and SK Hynix dropped 5.52%, directly dragging down the entire Asia semiconductor sentiment. Tariff panic + Nasdaq crash + a stampede in Korean stocks—three back-to-back blows, and the two storage giants are getting crushed!

$SKHYNIX :
On the daily timeframe, MA7, MA25, and MA99 are all pressing down overhead. Price has fallen below all moving averages, forming a standard bearish alignment. On the 1-hour chart, it dropped from 1326 to 1216. MACD dead cross is diverging downward; volume keeps expanding, but it’s all sell pressure. Below, 1200 is a psychological level—if it can’t hold, it’s 1160-1180.

$SAMSUNG :
Worse than Hynix. MA7, MA25, and MA99 are all above the price, which has already moved far away from the moving averages. On the 4-hour chart, it fell from 186 to 170—an outright one-way decline with no sign of a bottom. Below, 165-168 is the final line of defense.

News flow: The US has launched new tariffs covering 60 economic blocs today, with rates of 10%-12.5%. Global trade-war worries directly smashed Korean stocks. Last night, the Nasdaq crashed 2.15%, with tech stocks under heavy pressure across the board. Foreign capital’s four straight days of buying still can’t stop systematic selling.

MiG’s two-way trading suggestions:
(SK HYNIX) If it rebounds around 1240-1250 and stalls, keep entering short positions. For the aggressive trade, enter a short directly at 1220. For longs, wait for stabilization around 1200-1210, then try again; if it breaks down, consider longs again near 1180.

(SAMSUNG) If it rebounds around 173-174, take the opportunity to enter shorts. For the aggressive trade, place shorts directly at 170. For longs, wait for selling to stabilize around 165-167 and then try long positions again.

Personal view:
Brothers, with tariff panic + Korean stock market crash + tech stocks plunging, the three negative factors are stacking up. Don’t rush to buy the dip in the short term. Wait until the market has digested the bad news, then we’ll talk—follow the trend and focus on going short.

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