Invezz
29 Jun 2026, 02:36 UTC · 1h ago
Kospi Index hits key support as Samsung, SK Hynix stocks retreat
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
Invezz
29 Jun 2026, 02:36 UTC · 1h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
What the story claims
5 claims · each scored for market impact
Samsung and SK Hynix, which represent over 50% of the Kospi Index, are experiencing a significant sell-off. — Because these two stocks dominate the index, their decline triggers a broad market retreat and suggests a cooling of the AI trade.
-0.80Investors are concerned that memory price hikes by Apple may lead to demand destruction for components. — Reduced end-demand for memory would directly undermine the growth thesis for semiconductor giants like Samsung.
-0.60The Kospi Index has slipped nearly 2% to 8,255 points, testing its 50-day EMA support level. — Technical breaches of the 50-day EMA often signal a shift from a corrective dip to a longer-term trend reversal.
-0.40Continue reading
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Strong earnings from Micron previously indicated that overall demand for memory remains at an elevated level. — Positive read-throughs from industry peers provide a fundamental floor that could trigger a support bounce.
Rising crude oil prices linked to the US-Iran crisis are contributing to downward pressure on the South Korean market. — South Korea is highly dependent on energy imports, making its economy sensitive to oil price shocks.
-0.30Which stocks this story touches
Reported strong earnings with triple-digit revenue surge and gross margins exceeding 80%.
The article explicitly recommends selling the stock due to demand-destruction fears and recent price retreats.
Mentioned as a primary driver of the Kospi's decline and subject to AI boom worries.
Mentioned as implementing memory price hikes that may cause demand destruction.
[mutual] Both companies are major memory chip producers and primary drivers of the Kospi index.
[mutual] Micron's earnings are used as a read-through for demand affecting SK Hynix.
[mutual] Micron's earnings are used as a read-through for demand affecting Samsung.
[a_to_b] The article mentions Samsung's memory price hikes affecting Apple, implying a supply relationship.
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