Mizuho: The plunge of Samsung and SK Hynix reflects that their previous stock prices were in a "severely overbought" state

格隆汇 March 4｜Jordan Klein, an analyst from the trading department at Mizuho Securities, pointed out that the large-scale sell-off in the Asian market targeting memory winners such as Samsung and SK Hynix deserves close attention, as this will affect related stocks with concentrated holdings in the US market. However, Klein believes that the sharp decline of the Korean duo reflects that their stock prices were previously in a "severely overbought" state, rather than the emergence of new negative indicators in their fundamentals.