Analyst: South Korean chip stocks are taking a breather after a significant rally

Glonghui, June 5th ｜ Kiwoom Securities analyst Han Ji-young stated on Friday that due to Broadcom's performance failing to meet the expectations of some investors, traders have been taking profits following the recent strong rally in US tech stocks. After a significant rise in prices, South Korean chip stocks are currently taking a breather. "The recent market pullback is not driven by fundamental factors such as company earnings. Instead, it appears to be a period of consolidation after the rapid market surge."