South Korean stocks experienced a sharp decline, with the Kospi index plummeting nearly 10% from its record high. Chip giants SK Hynix and Samsung Electronics led the sell-off as investors grew concerned about an overstretched rally. This downturn follows a period of strong gains, with market watchers now closely awaiting Micron Technology's earnings for insights into the semiconductor sector's health. Foreign investors offloaded significant holdings amid rising market volatility.
  • Buffalox@lemmy.worldEnglish
    211·
    14 hours ago

    Samsung’s stock price appreciation should lead that of SK Hynix, given the former’s stronger earnings outlook.

    This is exactly what I argued the other day, where it was posted that SK Hynix was worth more than Samsung electronics.
    There is no way in hell SK Hynix can be worth more than Samsung electronics.