“Sister Mu Tou” Cathy Wood said on the 16th about the South Korean stock market, which recently fluctuated due to foreign sell-offs: “Foreign investment is not being withdrawn due to deteriorating fundamentals. I think programmatic transactions have a bigger impact”. Referring to the sharp decline in Korean semiconductor stocks, she said, “Now is indeed the right time to enter the buying range.” When asked about the decisive reason for the outflow of foreign capital, Wood said, “When memory chip stock prices peaked and fell back in June of this year, the exchange rate of the won against the US dollar also reached a record high. This is not a fundamental flaw in the market itself, but rather a combination of falling stock prices and exchange rate factors, leading to a surge in mechanical programmatic trading.” Regarding the recent correction in memory chip stocks, Wood believes this is a reaction caused by the previous rapid price surge. “Retail sales of electronic devices have dropped sharply because the unit price of memory chips has risen too fast. This factor is already reflected in the stock price.” Korea's Kospi Index opened today and fell by more than 3%, then rebounded, falling slightly as of press time.

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