4 posts
The won firmed to 1,481, yet SK Hynix crashed 38% from its peak and broke the 1.85M-won line. The five new engines behind it (peak-out downgrades, a BOK rate hike, CXMT's IPO, New York's data-center moratorium, ADR flowback) plus a fact-check of the scenarios from two weeks ago.
SanDisk fell 11% the day Bernstein raised its target to $3,000. The four reasons good news became a sell signal, an 850% surge at a 77x P/E, Hynix-ADR premium erosion, and the WD overhang, plus the downside scenarios.
Foreigners dumped 150 trillion won on the KOSPI in H1 as the won hit 1,540. Why do SK Hynix and Samsung, the most-held and most-appreciated names, crack first? The feedback loop, the ADR myth vs. reality, the 4,700T capex weight, and the downside scenarios.
SK hynix lists a Nasdaq ADR as early as July. Via the TSMC mirror: how high the local shares can run, Korea vs US tax, the Kospi impact, and the real risks.