South Korean stocks at risk of `swift downside reversal' as SK Hynix, Samsung dominate: BTIG

South Korea's Kospi recently hit an all-time high, but the index appears to be overly reliant on two heavyweights — Samsung Electronics and SK Hynix — according to BTIG analyst Jonathan Krinsky in a note. "We get the fundamentals around memory are robust, but the concentration risk of this index has become increasingly outsized when relying on just two names," Krinsky said. The iShares MSCI South Korea ETF is "set to gap up again into trendline resistance," he said. …