00:02you're listening to AI prism from Seoul economic daily if you hold a large-cap Korean index fund
00:09August has not looked like the rest of this year short pause the Kospi is down since the start of
00:17the month but most sectors inside it are up equal weight versions of the same indexes gained while
00:23the standard ones fell and the Bank of Korea has signaled it is not finished raising rates
00:28it's Wednesday August 12th let's look at what this means for retail investors in Korea this
00:35year's rally was carried by two names Samsung Electronics and SK Hynix those two lifted the
00:41index while most other listed companies lagged well behind that concentration started to unwind
00:48this month with money rotating into sectors that were left out of the run here's what the numbers
00:54show the Kospi fell 3.78 percent between August 3rd and August 11th while the large-cap Kospi 200
01:02dropped 5.67 percent and the Kospi 100 lost 6.15 percent matter of fact over the same stretch the
01:15equal weight Kospi 200 rose 8.11 percent and the equal weight Kospi 100 gained 6.33 percent 15 of
01:26the
01:2617 KRX sector indexes rose this month with healthcare up 20.89 percent and construction up 19.36 percent
01:35while semiconductors fell 4.09 percent the weakest of the group Bank of Korea Deputy Governor Ryu Sang-dai
01:44said further rate increases are likely absent an unusual shock pointing to the persistence of core
01:51inflation above the two percent target as the variable that matters the price gap between Samsung
01:57Electronics preferred and common shares narrowed to 24.8 percent from 36.6 percent on June 22nd individual
02:08investors bought a net 4.68 trillion one about 3.3 billion dollars of Samsung Electronics common shares
02:16this month against 194.1 billion one of the preferred line or 4.1 percent as much so what does
02:25this mean for
02:25retail investors holding Korean stocks earlier we said most sectors inside the index are up while
02:33the index itself is down here's what that actually means for you pause index level returns are telling
02:41you less than usual about your own holdings this month so the useful check is which slice of the
02:46market your funds actually track watch the August rate meeting at the Bank of Korea where daily customs
02:53export figures and credit card spending are named inputs watch whether the move into health care
02:58construction and chemicals holds past this month or fades as a bounce in beaten down names watch the
03:05one now in the low 1,400s per dollar which the central bank still calls high enough to push prices
03:11up
03:11that's today's AI prism retail investors this episode was produced with AI assistance based on sole economic
03:20daily reporting and reviewed by a human editor AI prism is a one ifra award-winning series we'll be back
03:27tomorrow you've been listening to AI prism from sole economic daily
03:31you
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