South Korea is the ultimate backdoor tech play — but stock investors now face a looming threat
South Korea's stock market, heavily reliant on tech giants like Samsung and SK Hynix, is perceived as a backdoor tech play. However, the market faces a significant threat from a potential rate hike, which analysts fear could lead to a 15% correction.
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↓ SHORT-13% target+5% stop3-6 weeks
Short the KOSPI (via EWY) on anticipated rate hike impact, targeting a 10-15% downside as tech multiples compress.