- South Korea’s Kospi Index is emerging as a new benchmark for global AI trade, with a 60-day correlation to the Nasdaq 100 now at 0.46, significantly higher than its five-year average.
- This increased correlation, influenced by leveraged trading in SK Hynix and Samsung, indicates that South Korea is part of the same volatility ecosystem as major indices.
- Despite a recent decline, the Kospi remains up significantly year-to-date, reflecting an evolving investment landscape where global managers increasingly consider Korean stocks.
