benchmark
Korean benchmark equity index reported to have regained the 7,000 level intraday.
No evidence-backed relationships are recorded.
Bloomberg Intelligence says nine tenths of last month's net time-deposit inflow at the five major banks came from companies. Chipmakers locking in fixed rates make bank funding dearer for everyone else.
Reality
Korea's index opened up 2.15% and closed down 1.55% because the U.S. 30-year hit a 19-year high. Nvidia's Ohio residual-value guarantee is the same trade in different clothing.
Reality
Borrowers rolling off 2021 fixed terms at the five major banks meet variable rates of 4.09% to 5.69%, with the Bank of Korea signaling another hike. Asset managers are selling defence.
Reality
Sidecars fired 78 times and circuit breakers 13 times through the 14th. The five largest asset managers' ETF desks are now selling cash flow instead of direction.
Reality
Foreign investors net bought 8.0698 trillion won of Korean stocks in four days after selling 7.1 trillion won the week before. The round trip says more about flows than fundamentals.
Reality
Foreigners swung from heavy net sellers to heavy net buyers of KOSPI shares in a single week as Samsung and SK hynix rebounded. The small-cap record run was a flow event.
Reality
The count of 12-month products paying 4% or more fell from 165 to 32 in a month. That pricing was a funding bid, not a rate signal, and the bid has been filled.
Reality
The round trip through Direxion's Semiconductor Bull 3X reads as leveraged momentum rather than a view on chips, and one fund now absorbs most of Korea's net US equity flow.
Reality