00:02You're listening to AI Prism from Seoul Economic Daily.
00:06Foreign institutional flows shifted fast this week.
00:10SK Hynix's ADR listing pulled the one toward $1,470 per dollar, the strongest level since May.
00:20Oracle's credit default swap premium hit a record high on AI investment doubts.
00:26Washington revived a 100-year-old tariff law against Canada.
00:31Here's what all three mean for your career exposure.
00:35It's Wednesday, July 22nd.
00:38Here's why global investors are paying attention to career today.
00:43SK Hynix raised roughly $26.5 billion through its ADR listing and began converting the proceeds into one.
00:52Exporters also stepped up dollar selling as Middle East tensions kept the dollar broadly bid elsewhere.
00:59Foreign investors added net equity purchases here, adding further downward pressure on the dollar.
01:05Here's what the numbers show.
01:07The one closed at $1,473.4 per dollar, down 5.01 on the week, the sixth straight weekly decline.
01:19The 1 yen cross fell to 906.54 per 100 yen, a 20-month low, down 5.5% from
01:28early July on yen weakness.
01:31Oracle's five-year credit default swap premium climbed to 2.03 percentage points, the highest since records began in 2008.
01:41S&P downgraded Oracle one notch above junk this month, citing AI capex risk.
01:47The new US Section 338 tariff hits about $20 billion, 29.5 trillion won, in Canadian goods, effective August 19th.
02:00Korea faces a proposed 12.5% US tariff over forced labour findings, with a 15% cap still under
02:09negotiation.
02:11So, what does this mean for global investors positioning in Korea?
02:16Earlier, we said Oracle's credit risk was a signal. Here's what that actually means for you.
02:23AI capex financing stress could spill into broader tech credit spreads worldwide.
02:29A stronger one lowers hedging costs on existing career positions, but narrows the currency cushion on new entries.
02:36Watch Moody's next move on Oracle and the outcome of Korea's tariff talks.
02:42Both will move the risk premium on Korean assets.
02:46That's today's AI Prism, Global Investors.
02:50This episode was produced with AI Assistants, based on Seoul Economic Daily reporting, and reviewed by a human editor.
02:59AI Prism is a one IFRA award-winning series. We'll be back tomorrow.
03:05You've been listening to AI Prism from Seoul Economic Daily.
03:12You've been listening to AI Prism from Seoul Economic Daily.
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