ππThe recent selloff in the Korean market was triggered by a collision of macroeconomic events rather than the failure of tech company earnings.
The immediate trigger was the robust US non farm payroll report which added an unexpected 172,000 jobs, shattering the rate cut narrative.
The KOSPI is vulnerable to tech sentiment as Samsung & SK Hynix command a massive 54% weight of the index.
When Wall Street underwent a tech pullback, the Korean market was also affected.
The recent pullback is a healthy technical correction rather than a fundamental economic collapse.
Semiconductor earnings remain fundamentally intact especially with the high demand for HBM being completely sold out.
A good ETF to buy is $Roundhill Memory ETF(DRAM)$ because it gives you pure concentrated exposure to memory stocks.
In 1 powerful trade, you would own SKHynix, Samsung, Micron & much more. DRAM is up 32% YTD. The recent pullback is a great buying opportunity.
@Tiger_comments @TigerStars
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments