South Korean Analyst: SK Hynix Pullback May Present a Buying Opportunity

According to on-chain analyst Ai Yi (handle @ai_9684xtpa), a crypto whale withdrew 50 WBTC from Binance 8 hours ago. The whale’s holdings now stand at 49,407 ETH and 300 WBTC, with a total value exceeding $103 million.

South Korea’s domestic stock market has experienced sharp fluctuations over the past nine trading days, with stock-based leveraged ETFs—where retail investors hold a large share—suffering cumulative valuation losses exceeding 8.8 trillion won. According to data released on the 15th by FnGuide Quantwise and Mirae Asset Securities, four single-stock leveraged ETFs issued by Mirae Asset Global Investments and Samsung Asset Management, tracking Samsung Electronics and SK Hynix, recorded a combined valuation loss of 8.8337 trillion won between July 1 and 13. During the same period, the assets under management (AUM) of these ETFs shrank by 37.7%, falling from 14.3518 trillion won to 8.9389 trillion won. All 14 listed single-stock leveraged ETFs in South Korea that track Samsung Electronics and SK Hynix saw their total AUM drop by 41.4% over the same period, from 15.9349 trillion won at the end of June to 9.3386 trillion won on the 13th of this month. Specifically, AUM of Samsung Electronics leveraged ETFs decreased by 35.3%, while that of SK Hynix leveraged ETFs fell by 44.9%. Data from the Korea Capital Market Institute shows that as of June 19, individual investors had made net purchases of single-stock leveraged ETFs totaling 8.2 trillion won, accounting for around 60% of the AUM of these ETFs, meaning a large portion of the recent losses may be borne by retail investors.

According to Bitget market data, the Hang Seng Tech Index has continued its strong rally, climbing over 2%. Among its constituent stocks, Alibaba surged more than 5% to lead the gains, while the Hang Seng Index is currently up 1.77%. As reported yesterday, Apple Intelligence has completed its first generative AI registration in China and confirmed integration with Alibaba’s Tongyi Qianwen capabilities.

As reported by CCTV International News, the U.S. Central Command (CENTCOM) issued a statement on local time July 15, stating that it had concluded a round of nighttime strikes against Iran at 9 p.m. Eastern Daylight Time on July 15. The statement noted that U.S. forces targeted Iran’s command centers, air defense positions, missile and drone facilities, and coastal surveillance installations, aiming to further weaken Iran’s ability to threaten the safety of merchant ship crews in the Strait of Hormuz. U.S. forces used precision-guided weapons to strike targets at multiple locations, including Bandar Abbas.

The Bank of Korea stated that uncertainties still exist regarding the semiconductor industry, developments in the Middle East situation, and changes to the trade environment.

South Korean trading platforms have activated the mechanism to suspend programmatic trading for the KOSDAQ.