Timothy Moe, Goldman Sachs’ Chief Asia Pacific Equity Strategist, said during a Bloomberg live broadcast: 'The AI story is just beginning and already profitable—South Korea is a prime example.' He forecasts South Korean corporate earnings will surge 320% this year, with Samsung and SK Hynix trading at around 5x P/E—highlighting a 'prime buying opportunity.' Historically, after circuit breakers were triggered in South Korea, the stock market typically rebounded 15% to 30% within 3 to 6 months.
📊 South Korea’s Black Monday Data:
KOSPI opened: -8.4% → Full market circuit breaker triggered at 09:03 Seoul time
KOSDAQ: Down over 7%; KOSDAQ150 futures down 6% → Algorithmic trading halted
Samsung Electronics: P/E ratio of approximately 5x (Goldman Sachs estimate)
SK Hynix: P/E ratio of approximately 5x—the world’s largest HBM supplier
South Korean corporate earnings growth (Goldman Sachs): +320% YoY in 2026
$iShares MSCI South Korea ETF (EWY.US)$ — South Korea ETF — KOSPI down 8.4%, triggering circuit breaker; Samsung + SK Hynix account for ~40% weighting
$Samsung Electronics (005930.KR)$ — 5x P/E, accelerating AI chip demand
$SK Hynix (000660.KR)$ — SK Hynix — NVIDIA’s top HBM supplier, 5x P/E...