Today, Korean stocks hit a new high, with the main drivers being SK Hynix and Samsung (both reaching new highs). It’s still the same logic we talked about in March: back then, the root of the correction was a combination of sentiment peaking and the added risk of soaring potential energy costs due to geopolitical conflicts. This led semiconductor stocks to undergo valuation digestion, but it wasn’t a major trend reversal. Once the correction settled, there were still plenty of opportunities. At the beginning of April, I bit the bullet and bought 7709, which turned out to be the best move recently. Looks like $EWY might hit a new high tonight too.