$SKHYNIX $SAMSUNG Korean stocks opened lower, with the storage sector falling across the board. The earlier positive news has already been priced in; once good news is fully priced in, it becomes bad news!!!!
The storage sector’s cyclical upswing was expected to last longer, drawing a large amount of foreign capital into the sector and triggering a sharp rally. Looking at the market now, Korean storage stocks are falling across the board at the open.
The final trigger was a large-scale foreign capital retreat, with nearly 22.1277 trillion won in sales. Trading volume plunged, and the earlier buyback program was also nearing its end, prompting heavy selling by retail investors and whales alike.
On top of that, Samsung’s Q3 earnings report on October 8 failed to meet market expectations, dragging chip stocks worldwide lower. Korean stocks may see a rebound toward the close. Stick to a bearish outlook: sell the rallies!!!!
The feed has a delay. Choosing wisely matters more than working hard 👇👇👇
#SKHy #SKHYNIX
The storage sector’s cyclical upswing was expected to last longer, drawing a large amount of foreign capital into the sector and triggering a sharp rally. Looking at the market now, Korean storage stocks are falling across the board at the open.
The final trigger was a large-scale foreign capital retreat, with nearly 22.1277 trillion won in sales. Trading volume plunged, and the earlier buyback program was also nearing its end, prompting heavy selling by retail investors and whales alike.
On top of that, Samsung’s Q3 earnings report on October 8 failed to meet market expectations, dragging chip stocks worldwide lower. Korean stocks may see a rebound toward the close. Stick to a bearish outlook: sell the rallies!!!!
The feed has a delay. Choosing wisely matters more than working hard 👇👇👇
#SKHy #SKHYNIX