PUMBAA: THE SOUTH KOREAN STOCK IS ALMOST TWO YEARS HIGH, BECOMING THE GLOBAL AI INVESTMENT MOOD
ACCORDING TO BLOOMBERG, AS THE SOUTH KOREAN STOCK MARKET CONTINUES TO GROW MORE DYNAMICALLY WITH THE US SCIENCE AND TECHNOLOGY UNIT, THE GLOBAL FUND MANAGER IS VIEWING THE SOUTH KOREAN MARKET AS A LEADING INDICATOR OF AI'S INVESTMENT SENTIMENT, AND IT HAS BECOME A NEW PATTERN IN THE INDUSTRY TO FOCUS ON THE DEVELOPMENTS OF THE KOREA SCIENCE AND TECHNOLOGY UNIT, SUCH AS SAMSUNG ELECTRONICS AND SK HERCULES, BEFORE THE LAUNCH. THE 60-DAY COEFFICIENT OF THE KOREA CONSOLIDATED EQUITY INDEX (KOSPI) WITH THE NASDAQ 100 INDEX HAS RISEN TO 0.46, WHICH IS CLOSE TO ITS HIGHEST LEVEL IN THE LAST TWO YEARS AND IS ABOUT THREE TIMES THE AVERAGE OF 0.16 OVER THE PAST FIVE YEARS. IN PARTICULAR, DURING THE DOWNTURN IN THE MARKET, THE SENSITIVITY OF NASDAQ TO THE NORTH KOREAN STOCK MOVEMENT INCREASED SIGNIFICANTLY, WITH THE RELATED INDICATORS RISING TO THEIR HIGHEST LEVEL SINCE 1990 ON 7 JANUARY。
