Korean investors are getting hit hard by margin calls, and that's dragging down the memory market. $SK hynix(SKHY)$ is down around 8%, and it's spilling over into $Micron Technology(MU)$ as well.
This has nothing to do with fundamentals. It's purely a deleveraging event, and it's crushing these names.
We've already seen this happen a few times this year, but it's still scaring off long-term investors from getting into MU.
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