0234 GMT - The selloff in ADRs of Korean companies is unlikely to continue after South Korea's surprise brief period of martial law, says Lorraine Tan, regional director at Morningstar, in a note. The short-lived martial law declaration highlights that political risks and leadership issues remain a factor in South Korea, Tan says. Morningstar maintains its fair value estimates for South Korean companies under its coverage, as it sees the situation as a short-term event. "We think share price weakness is an opportunity to buy selectively," Tan says. SK Hynix is preferred as it benefits from artificial intelligence-related server demand, Tan adds. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
December 03, 2024 21:34 ET (02:34 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。