South Korean stocks down 6% today on South Korea declaring martial law, buy the dip

Posted: Dec 03, 2024

  • President declaring martial law due to opposition winning and launching a corruption investigation
  • Trying to paint opposition as North Korea supporters, no actual emergency
  • South Korean markets trading cheap at 11-12x earnings compared to US markets at 31x earnings
  • Buying EWY (iShares MSCI South Korea ETF) today


What do people on Reddit think?

🚨 Reddit sentiment: mixed/negative - Most comments are bearish about investing in South Korean stocks due to political instability, although there are some users considering strategic plays. Summarized comments: - Many are skeptical about buying Korean stocks amid the current political instability. - Some see the situation poetically but are not seriously considering investing. - There are mentions of Samsung, with suggestions to buy EWY as an alternative. - Some are looking at buying Hyundai shares but are cautious about Trump's tariffs. - Commenters are concerned about the long-term stability in Korea and the impact of martial law on investments. - People express uncertainty about Korea's political situation affecting stock market confidence. - Parliament's decision to end martial law is seen as a potential positive turning point. Stock tickers discussed: $005930.KS, EWY, CPNG, Hyundai



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