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06/23 11:15

Critini Analyst Summarizes Reasons for Korean Stock Market Plunge

On June 23, Critini Research analyst Jukan analyzed the reasons behind today's sharp decline in the Korean stock market, listing six key factors: the scale of leveraged trading in Korea has risen to excessive levels; profit-taking is occurring ahead of Micron's earnings report, with market rumors suggesting that buyer expectations have been overly inflated; South Korean lawmakers are discussing taxing unrealized gains on stocks; SK Hynix's market capitalization surpassing that of Samsung Electronics is interpreted as a market peak signal, despite Samsung's performance still being larger than that of SK Hynix; there has been a delay in the listing of SK Hynix's ADR (American Depositary Receipt); and the Korean market has not been included in the MSCI developed markets index.

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