Samsung and SK Hynix ETFs Draw U.S. Cash as Wall Street Reassesses Korea Chips

Hankyung reported on May 14, citing Nikkei, that New York hedge funds and U.S. retail investors are moving money into Korea’s stock market as the KOSPI approaches the 8,000 level. The focus is Samsung Electronics and SK Hynix, backed by HBM demand. Nikkei said AI expansion and higher memory prices have helped both shares nearly triple over the past year, yet their expected PER is about 6 times, below Micron’s roughly 9 times. Roundhill’s U.S.-listed memory semiconductor ETF attracted more than $6 billion within a month of launch. In Korea, 218 of 1,107 listed ETFs hold Samsung Electronics, while 203 hold SK Hynix. The semiconductor-led reshaping of ETF demand remains a key market issue. Source: hankyung.com.