UBS Asia desk update reports heavy Korean memory selling, selective buying in Japan and TSMC
Idioma original: inglés
A UBS Asia sales and trading desk update shared by ZeroHedge reported heavy selling in Korean memory stocks, with SK Hynix at 4:1 better to sell and Samsung Electronics at 5:1. The update described modest net buying in Japan, concentrated in industrials, and long-only investor support for TSMC in Taiwan. It also reported weak demand for financials, including heavy selling of Japanese banks and insurers and broad outflows from Hong Kong/China insurers.