Korean stocks trigger another trading halt! Is $SKHYNIX 1429 a gold pit or an endless bottomless pit?

Brothers, Korean stocks halted again today— the KOSPI index plunged 8.03% in the afternoon, triggering a 20-minute halt. SK hynix fell by more than 10%.

Market news:
The core contradiction in today’s market can be summed up in one sentence: the better the performance, the worse the drop.
Samsung Electronics’ Q2 earnings preview was explosive— operating profit 89.4 trillion KRW, up 1,810% year-on-year; quarterly profit exceeded the total of the previous three years. But the stock price still crashed by more than 9%. The logic is simple: Samsung has already surged more than a hundred percent this year, so “better than expected” was priced in long ago. What the market is worried about is this—how long can AI-driven earnings growth remain sustainable?
The chain reaction directly hit SK hynix: the stock fell sharply, foreign investors continued to sell, and mechanical deleveraging by leveraged ETFs further amplified the decline.

Technical analysis:
Current price is 1429, having broken below the previous lows of 1513 and 1450.
Resistance above: 1450, with heavy pressure at 1513.
Support below: 1400; if it breaks, watch 1350.

Gongming view:
UBS just raised its target price today from 3 million KRW to 3.2 million KRW, reiterating a “Buy.” This Friday, SK hynix’s ADR will list on Nasdaq, with a $28 billion IPO. Near-term sentiment is panic, but the fundamentals in the medium to long term have not changed.

Trading strategy:
Go for a more aggressive short-term move by buying around the current price range of 1440–1450;
More cautious: after a break below 1400, wait for stabilization, then try a light long position in the 1380–1400 range.

A trading halt is emotion at its extreme, not the end of the logic. #韩股KOSPI跌8%触发熔断 #币安九周年