🇰🇷 KOSPI IS DOWN OVER 30% FROM ITS JUNE PEAK. SAMSUNG JUST POSTED RECORD PROFIT, YET ITS STOCK STILL GOT SOLD OFF

This morning (Oct 13), the KOSPI fell for a 5th straight session: - Broke below 6,100 and briefly dipped under 6,000 (down more than 6% intraday) - Triggered a sell sidecar for the first time in 2 months - Samsung and SK hynix dropped 5-9%

Here’s the twist: Samsung just reported Q3 operating profit of ₩107.4 trillion, the first time a Korean company has topped ₩100 trillion in a single quarter. And the stock still fell.

Why? The market is pricing in the future. China’s CXMT announced progress on next-gen DRAM, fueling fears of a memory chip oversupply. Add worries about the cost of the AI investment boom, plus relentless foreign selling: as of early July, foreign investors had already net sold over ₩150 trillion this year.

💡 The lesson: record earnings don’t guarantee higher prices. When expectations are priced to perfection, even good news can become a reason to take profits.

🔗 https://x.com/CryptoThreadsX/status/2109842227086397730

Website | X | Facebook | IG | Telegram | LinkedIn | Youtube | Medium