The KOSPI and major Korean semi-conductors like SK Hynix and Samsung are undergoing an extreme 'AI melt-up' characterized by reflexive buying and 'upside panic'. Technical indicators suggest the rally remains intact despite heavy foreign selling as domestic retail and Goldman Sachs maintain a bullish outlook.
Key Takeaways
- 1.The KOSPI is experiencing an extreme 'AI melt-up' characterized by upside panic and violent buying on every minor dip.
- 2.Major semiconductor names Samsung Electronics and SK Hynix are reaching new All-Time Highs (ATH) with extremely resilient buy-the-dip behavior.
- 3.Goldman Sachs maintains a bullish view on South Korea based on low price-to-book valuations and light foreign positioning.
Table of Contents
- Korea's AI Mania
- The KOSPI beast
- Vol extreme
- Can't keep a good man down
- ATHs again
- Keep it simple
- Not even extremely overbought
- Still bullish
- Still cheap and still selling
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Authors
Author(s)
Securities
KOSPISK HynixSamsung Electronics
Themes
AI Melt-upRetail vs Institutional Flows
Regions
Asia PacificSouth Korea