South Korea
Highlights The US Climate Prediction Center gives ~ 70% odds another La Niña will form in the August – October interval and will continue through winter 2021-22. This will be a second-year La Niña if it forms, and will raise the odds of a repeat of last winter's cold weather in the Northern…
The Start Of A Tightening Cycle In Korea…
A Breakdown In Korean Stocks…
Outlook For Korean Equities…
Highlights We continue to recommend that dedicated EM equity portfolio investors overweight Korean equities. Overweighting the KOSPI within an EM equity portfolio is in line with our long-term theme of favoring global industrial stocks and is consistent with our medium-term strategy of…
Korean Exports Indicate Resilient Global Trade…
Highlights Market-based geopolitical analysis is about identifying upside as well as downside risk. So far this year upside risks include vaccine efficacy, coordinated monetary and fiscal stimulus, China’s avoidance of over-tightening policy, and Europe’s stable political dynamics. Downside…
Korean Exports Are Partying On…
Since July 2020, the KOSPI index has been among the best performing equity markets worldwide (Chart 1). Will this rally and outperformance continue? The rally in the KOSPI has been due to two factors: (1) improving global growth in general and surging demand for semiconductors in particular; and…
What’s The KOSPI’s Next Move…