Foreign investors sold a net 2.59 trillion won of Korean stocks on Wednesday as the KOSPI fell 1.98% despite a record close for the Nasdaq. Local bond yields rose as global yields eased, though a Daishin analyst tied the selling to Samsung's guidance due Thursday.
Perspective Coverage
3 publishers
- Builder
- Builder 5%
- Operator
- Operator 13%
- Investor
- Investor 82%
Reality
- Evidence68
- Adoption
- Insufficient
- Hype gap+20
- Incentives
- Insufficient
- Confidence70
SK hynix minority investors are preparing to ask the Korea Exchange whether duplicate-listing rules cover a Solidigm Nasdaq IPO worth up to $150 billion. Since the exchange does not directly review listings abroad, their leverage is the extra payout SK hynix has promised with third-quarter results.
Reality
- Evidence45
- Adoption
- Insufficient
- Hype gap+25
- Incentives70
- Confidence45
The Korean manager's second ETF lists next month with SK hynix and Samsung Electronics at 15% apiece, half the 60% it must keep in domestic stocks. The discretion it is selling sits in the eight suppliers around them.
Reality
- Evidence40
- Adoption18
- Hype gap+15
- Incentives65
- Confidence42
The three-year treasury yield closed at 4.014% and WTI at $102.48, the KOSPI gave up the 7,000 level, and the money leaving Korea's safest funds landed in brokerage accounts with margin debt already at 32.36 trillion won.
Reality
- Evidence44
- Adoption61
- Hype gap+19
- Incentives46
- Confidence41
Hana Securities took SK Inc. to 770,000 won from 560,000 won. Nearly every input is external: memory pricing, a Doosan cheque, a Supreme Court docket and a tax clause.
Reality
- Evidence40
- Adoption38
- Hype gap+28
- Incentives68
- Confidence45