Micron, SanDisk, Korean stock ETFs, and the DRAM sector have begun to break out of their recent downtrends after a summer consolidation. However, Goldman Sachs believes it's necessary to observe whether external funds will flow back into the Korean market after the summer ends. Goldman Sachs points out that the Korean stock market's fund flows over the past four weeks have been primarily supported by corporate share buybacks, while foreign and other investors are still net sellers overall, indicating that this rally has not yet attracted broader participation. Samsung Electronics and SK Hynix are key drivers of recent buybacks. (The above views are from a Goldman Sachs report dated September 6th.)
