EWY: This Volatile Stock Market Is Now The Most Attractive | Seeking Alpha
HomeMarket OutlookToday's MarketSummaryKorea, via the iShares MSCI South Korea ETF, now offers an attractive entry point after a severe deleveraging-driven selloff. Samsung and SK hynix posted record operating. . .
HomeMarket OutlookToday's MarketSummaryKorea, via the iShares MSCI South Korea ETF, now offers an attractive entry point after a severe deleveraging-driven selloff. Samsung and SK hynix posted record operating profits and maintain strong forward growth, despite recent earnings volatility and consensus misses. China's memory competition risk is overstated for HBM and DRAM; Korean leaders remain technologically ahead, with NAND being the only real competitive threat. I see further short-term downside possible, but fundamentals and technical resets make EWY a compelling buy for patient investors. This idea was discussed in more depth with members of my private investing community, The Pragmatic Investor. Learn More »saifulasmee chede/iStock via Getty ImagesThesis SummaryI wrote about the dangers that the Korean stock market posedjust last month. The KOSPI is now down nearly 40% from its June peak, and it has dragged semiconductors and other AI names29. 29K FollowersAnalyst’s Disclosure:I/we have a beneficial long position in the shares of EWY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure:Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.