Top 1% Investors Snap Up Samsung Electronics, SK Hynix Amid 8% Drop on July 7

According to Mirae Asset Securities, top 1% investors (ranked by 1-month returns) on July 7 snapped up Samsung Electronics and SK Hynix as both stocks fell sharply. Samsung Electronics dropped 9.12% to 289,000 Korean won, while SK Hynix declined 8.19% to 2.151 million won as of 1:31 p.m. local time.

The buying came despite Samsung Electronics posting record second-quarter operating profit of 89.4 trillion won, up 1,810% year-over-year. Analysts attributed the sell-off to profit-taking after expectations for earnings had already risen significantly, with top investors viewing the decline as a buying opportunity in AI memory semiconductors.