$XL2CSOPHYNIX(07709.HK) There are a lot of speculative narratives. Actually, the main reason is that institutions and funds rebalanced their portfolios several times and at the half-year mark, creating significant selling pressure. That's why even US memory chip stocks didn't follow the broader market's rise last night. To put it simply, they rose too much earlier, and there are limits on the weight of a single stock, unlike retail investors who can go all-in on one stock. I believe starting in July, it will take a deep squat and then jump. I still hold the view that 136 (HKD) corresponding to 3.55 million KRW is the absolute bottom. (Personal opinion, not investment advice)