Foreign investors pulling out of the South Korean stock market have really hammered $SKHY : it has already fallen 20% in just a few days. By comparison, $MU , another memory-chip leader, is down only 12%.
I checked the data: foreign investors have withdrawn $131 billion from South Korean stocks this year, the largest outflow among major Asian markets.
The reason for the sell-off is actually simple: stocks had risen too much. The ChangXin 4F² architecture roadmap was also a catalyst for the decline over the past two days.
#skhy
I checked the data: foreign investors have withdrawn $131 billion from South Korean stocks this year, the largest outflow among major Asian markets.
The reason for the sell-off is actually simple: stocks had risen too much. The ChangXin 4F² architecture roadmap was also a catalyst for the decline over the past two days.
#skhy