Fund Beating 96% of Peers Says Buy Korean Chip Stocks Hit by War

A top-performing fund says South Korean memory-chip stocks remain cheap despite a recent rally and would likely be among the biggest gainers if Middle East tensions deescalate. The call signals a bullish, risk-on stance toward Korean semiconductor names and suggests upside for the sector on reduced geopolitical risk.

Analysis

A top-performing fund says South Korean memory-chip stocks remain cheap despite a recent rally and would likely be among the biggest gainers if Middle East tensions deescalate. The call signals a bullish, risk-on stance toward Korean semiconductor names and suggests upside for the sector on reduced geopolitical risk.