00:02you're listening to ai prism from seoul economic daily if you're holding samsung electronics or
00:09sk hynix yesterday's rally added real value to your portfolio korea's cosby just posted its best
00:16day in weeks and foreign money is finally coming back but if you're holding yen linked etfs the
00:24story is the opposite losses keep piling up and korea's bond market is flashing a separate warning
00:31sign that could affect fixed income holdings it's thursday august 13th let's look at what this means
00:38for retail investors in korea korea's stock market spent much of this year swinging wildly with
00:45intraday volatility that topped seven percent during last month's sell-off that volatility scared off
00:52both leveraged retail traders and foreign institutions dragging the index well below its
00:58highs now credit unwinding is largely finished market breadth has improved and a stabilizing one dollar
01:05rate is drawing foreign buyers back in here's what the numbers show korea's benchmark index closed at
01:13six thousand five hundred seventy nine point zero four on august 12th up three point six eight percent
01:20its third straight daily gain as a buy side sidecar triggered mid-session for the first time since august
01:27fifth samsung electronics jumped six point six eight percent and sk hynix climbed five point five four
01:35percent settling near two hundred fifty thousand won and one point five million won respectively foreign
01:43investors bought a net two point eight four trillion won roughly two billion dollars of korean shares on august
01:5012th extending a second straight day of net buying fifty six point four nine the closing level for the
01:58v-cospi fear gauge that day is its lowest close since may and down forty one point seven three percent
02:05from june's peak of ninety six point nine four the weaker yen kept dragging on yen linked etfs tiger japan
02:14yen
02:14futures fell four point four seven percent over the past month as the wan yen rate broke below 900 won
02:21per
02:22hundred yen elevated corporate bond yields with the three-year aa minus rate hitting four point six five
02:29one percent last month a near three-year high cut large company bond issuance 32 percent year on year to
02:37a four-year low a sign credit market stress hasn't fully cleared even as stocks rally so what does this
02:45mean
02:45for retail investors in korea earlier we said the cosby rally means real gains if you're holding
02:52samsung or sk hynix here's what that actually means for you two straight days of foreign net buying
02:59suggest this bounce now has genuine institutional support not just a one-day pop if you're holding
03:06yen linked etfs the losses aren't over yet since the wan yen rate keeps breaking lower and the bank of
03:13japan is now expected to hike sooner than previously planned and the credit market stress behind slumping
03:20corporate bond issuance is worth watching even without direct bond exposure since it shows how
03:26much higher borrowing costs are squeezing corporate korea here's what to watch first september's fomc meeting
03:34where futures markets currently see a rate hold versus a hike at nearly a coin flip probability second
03:41whether foreign net buying extends to a third straight session which would strengthen the case that this
03:47rally has real legs third the bank of korea's rate decision and korea's 2027 budget announcement
03:54later this month both flagged as key catalysts for the corporate bond market that's today's ai prism
04:01retail investors this episode was produced with ai assistance based on seoul economic daily reporting
04:09and reviewed by a human editor ai prism is a juan ifra award-winning series we'll be back tomorrow
04:16you've been listening to ai prism from seoul economic daily
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