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Memory Stocks Bloodbath: Hynix -11%, Samsung -8% — Still a Buy?
Global memory stocks slid hard on July 17: Korea's KOSPI fell 6% as SK Hynix (000660.KR) dropped 11% and Samsung (005930.KR) fell 8%. US-listed SKHY lost 9%, Micron (MU) fell 8% below $910, SanDisk (SNDK) −8%, and a 2x leveraged Hong Kong product plunged 18%. The trigger: the Bank of Korea's surprise 25bp hike to 2.75% — its first since January 2023 — plus tightening rules on single-stock leveraged ETFs. Yet HBM and premium-memory fundamentals stay intact. A policy-driven valuation reset, or an early sign the memory cycle is fading? Which giant do you back — Hynix or Samsung?
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