Critini Analyst Summarizes Why the KOSPI Plunged: Hynix Market Cap Surpassing Samsung Seen as Peak Signal, Micron Pre-Earnings Report Profit-Taking

BlockBeats News, June 23rd, Critini Research analyst Jukan analyzed the reasons behind today's sharp decline in the South Korean stock market, listing 6 points:

The scale of leverage trading in South Korea has risen to excessive levels;

Profit-taking activities were underway ahead of Micron's earnings report, with market rumors suggesting that buyers' expectations were overly optimistic;

South Korean lawmakers are discussing taxing unrealized gains on stocks;

SK Hynix's market capitalization surpassing Samsung Electronics was interpreted as a market top signal, despite Samsung Electronics still maintaining a larger revenue scale;

Delays in the listing of SK Hynix's American Depositary Receipts (ADRs);

The South Korean market has not been included in the MSCI Developed Markets Index.