Analyst Jonathan Krinsky warns South Korea’s KOSPI rally is overly reliant on Samsung Electronics and SK Hynix, citing narrow breadth and risk of a sharp downside reversal.
South Korea’s KOSPI recently hit an all-time high, but the index appears to be overly reliant on two heavyweights — Samsung Electronics and SK Hynix — according to BTIG analyst Jonathan Krinsky in a note.
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