The author criticizes Bank of America's extreme bearish predictions for Korean markets, su
The author criticizes Bank of America's extreme bearish predictions for Korean markets, suggesting they are aimed at flushing out leveraged traders. They note that Korean markets, reliant on K-pop (Aespa), skincare, and memory chip makers SK Hynix and Samsung, are less resilient.
“There’s nothing like BoFA giving BS extreme bear predictions. To clear all the Korean leveraged traders a 2nd time this year. Korean markets are less resilient when it’s built on Aespa, Salmon skincare, and SK Hynix/Samsung memory names ig. https://t.co/84FpyHX0kC”Original post：X / @aleabitoreddit ↗