00:06korea's stock market just had one of its roughest stretches in years the cosby dropped 10.8 percent
00:12one day then another 5.9 percent the next triggering circuit breakers on back-to-back
00:18sessions if you were watching your portfolio during that you weren't alone the data show
00:24korea's top-performing retail traders didn't panic sell they bought more samsung electronics on the
00:30way down at the same time the u.s. and japan carried out their first joint currency intervention since
00:371998 adding a fresh source of market volatility and the fed's own chair is now considering cutting
00:44how often it even meets to set policy a 45-year first that could mean less frequent signals for
00:51markets to react to it's monday august 3rd let's look at what this means for retail investors in
00:58korea the sell-off unfolded as the cosby briefly fell below 6 000 for the first time in months
01:05rattling even seasoned investors currency markets added to the turbulence after the yen slide to a
01:121986 low near 163.9 per dollar forced washington and tokyo into coordinated buying against that
01:21backdrop this week's u.s. and korean economic data from inflation readings to jobs numbers are
01:27shaping expectations for where markets head next here's what the numbers show the cosby fell 10.8
01:34percent to 6023.66 on july 28th then dropped another 5.9 percent to 566.24 on july 29th its
01:47steepest
01:48two-day slide in recent memory top performing retail traders tracked across a portfolio of 164
01:55thousand 978 accounts bought a net 19.6 billion won about 13.8 million dollars of samsung electronics
02:05across those two sessions samsung electronics fell as much as 13.3 percent on the 28th and another 5.2
02:14percent on the 29th while sk hynix dropped 14.64 percent in a single session fed chair kevin waller is
02:23reportedly weighing a cut to the number of fomc meetings per year a structure unchanged since paul
02:29volker set it at eight meetings in 1981 brokerages issued 14 price target upgrades and 23 downgrades on
02:38lg affiliates this past week with merit securities cutting lg electronics target from 260 000 won about
02:45183 dollars to 220 000 won about 154 dollars despite maintaining a buy rating retail flows a possible
02:56shift in fed communication and diverging analyst views are all moving at once a reminder that volatility
03:03can cut both ways so what does this mean for retail investors in korea earlier we said korea's top
03:11traders bought more samsung electronics as it fell here's what that actually means for you it reflects
03:17a buy the dip pattern among experienced investors not a signal that further declines are over the yen
03:24intervention and a possible cut to fed meeting frequency both point to less predictable less frequent
03:30policy signals ahead which typically means sharper less telegraphed market moves lg electronics price
03:38target cut despite solid earnings is a reminder that even good numbers can get discounted if the
03:44broader market's valuation multiple is falling know the difference between a company problem and a
03:49market-wide one korea's july cpi release this week for signs inflation is cooling from june's 3.2 percent
03:57pace the bank of korea's june current account data given how much of this year's surplus has come from
04:03semiconductor exports whether the fed formally moves to cut fomc meeting frequency and how markets react
04:11to fewer scheduled policy signals that's today's ai prism retail investors this episode was produced with
04:19ai assistance based on seoul economic daily reporting and reviewed by a human editor
04:24ai prism is a wan ifra award-winning series we'll be back tomorrow you've been listening to ai prism from
04:32seoul economic daily
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