603501

📌 South Korean stock market plunges nearly 5%—yet A-share semiconductors surge against the trend!

🍖 Chopper says:
Just saw this news—my first reaction was a bit stunned. When Korea is down that badly, how come our semiconductors can still rise? It feels quite split. Today, the A-share semiconductor sector $512480 is up by about 3%. Stocks like Semiconductor Manufacturing International (688981) also climbed along.

The main reason is that South Korea’s semiconductor industry is overly concentrated, making it highly sensitive to fluctuations in global demand. Meanwhile, our side is supported by the logic of domestic substitution. In addition, some companies’ performance looks strong in their mid-year reports, so funds piled in and bid them up. But whether this contrarian rally can last is hard to say. If Korea keeps falling, panic sentiment will eventually spread over.

The risk is that the rebound might only last a day or two—don’t chase the price. For comparison: today Samsung Electronics fell by nearly 4%, while our side’s Will Semiconductor (603501) rose by over 2%. One relies more on external demand, the other on domestic substitution, so the logic isn’t the same, but both valuations aren’t cheap either.

#512480 #688981 #603501 #A股