Fund sees opportunity in South Korean tech stocks

Stock slide: A currency trader walks by the screen showing the KOSPI at the foreign exchange dealing room in Seoul on Monday. The Kospi Index has fallen 16, just behind the 20 slump in the Shanghai Composite Index. — AP

SEOUL: South Korean stocks are being unfairly sold off alongside their Chinese counterparts on investor concerns about the ongoing trade war, but that has created a buying opportunity and the trend should eventually reverse, according to a local fund manager.

Hanwha Asset Management, which oversees about 95 trillion won (US$84bil), has highlighted a number of exporters most hit by the US-China trade war, including display maker LG Display Co and chip manufacturers Samsung Electronics Co and SK Hynix Inc.