I just opened the market on Monday and saw this scene, it was brutal. This time the reason was that the profit forecasts of local Korean brokerages fell short of expectations...

Let me share my simple view: Looking at the night market of SK Hynix in the US, it's still different from SK Hynix in Korea. When foreign capital flows back to the local market, there will be funds to support the bottom for SK Hynix. Essentially, its price movements are close to those of SanDisk Micron, also indicating that the price gap between the two markets is hard to narrow in a short time. It feels like Korean stocks themselves carry leverage, indeed everyone's a gambler. So, if you can buy the stock in the US market, it's best not to go to the Asian market 🤔

Additionally, this deep deleveraging for 07709 should be particularly uncomfortable, and the wear and tear from bouncing back is also quite significant.