KOSPI Was Hit With Another Rout

Samsung is down 20%, while SK Hynix's share price dropped 25% this week as the latter CEO, Kwak Noh-jung, says customer demand will exceed the company’s supply capacity beyond 2030. This dissonance was rooted in the fact that a share price measures expected profit, the cash needed to earn it, the return on new investment, and the multiple investors will pay, not units sold. In October, the market is repricing all four at once.