00:02You're listening to AI PRISM from Seoul Economic Daily.
00:06Foreign investors dumped 419.5 billion won of Korean stocks yesterday, but KOSPI still closed higher.
00:14Here's the twist.
00:16Intraday, the index cratered 3% in 10 minutes.
00:20Short pause.
00:21And halfway around the world, U.S. 10-year Treasury yields hit a 3-year high.
00:26It's Friday, September 4th.
00:28Here's why global investors are paying attention to Korea today.
00:32KOSPI was heading toward reclaiming the 6,700-level Thursday when a wave of panic selling hit.
00:39Rumors of an Iranian strike on a U.S. base and a possible 50-basis point BOJ hike triggered a
00:46chain reaction across Asian markets.
00:48Yen carry trade, unwind fears, compounded thin trading volume, amplifying the swing.
00:54Here's what the numbers show.
00:55KOSPI closed at 6,579.48, up 0.26% after swinging 243.48 points between its intraday high and
01:07low.
01:07Foreign investors sold 419.5 billion won, while retail investors sold 955 billion won,
01:15in a move analysts tied to yen carry unwind fears rather than fresh Korea-specific news.
01:21The U.S. 10-year Treasury yield touched 4.818% intraday, its highest level in 34 months.
01:28New York Fed President John Williams urged caution on further tightening,
01:32and yields eased into the close, with the 10-year settling at 4.782%.
01:37Capital Group raised its KT&G stake to 8.22%, up 2.61 percentage points in two months,
01:45while cutting SK Hynix exposure to 3.53% from 6.84% a year earlier.
01:52Broadcom posted 86% revenue growth to $29.59 billion in fiscal third quarter,
01:58beating Wall Street's $29.36 billion estimate.
02:02Broadcom's fourth quarter guidance of $34.8 billion missed the $35.1 billion analyst consensus,
02:10and shares fell nearly 5% in after-hours trading before pairing losses.
02:15TSMC is building roughly 20 fabs worldwide, but still can't keep pace with AI chip demand,
02:21its senior vice president said this week.
02:23So what does this mean for global investors weighing exposure to Korea?
02:28Earlier, we said KOSPI shrugged off a 3% intraday plunge.
02:33Here's what that actually means for you.
02:35Korea's market structure remains fragile, prone to outsize swings on external triggers,
02:40rather than domestic fundamentals.
02:42Capital Group's rotation into dividend-paying names like KT&G and JB Financial,
02:48while trimming SK Hynix signals a defensive tilt as global rates stay elevated.
02:54With U.S. yields still biased higher and BOJ policy tightening ahead,
02:58currency and rate volatility, not local headlines,
03:01may be the bigger risk to Korean equity positions this month.
03:05What to watch?
03:06The ECB and BOJ rate decisions later this month,
03:10which could reignite yen carry unwind pressure.
03:13Capital Group's next disclosure filings for further shifts in Korean bank and consumer holdings.
03:19And TSMC's OFC guidance update next March.
03:23A signal for how tight AI chip capacity stays into next year.
03:28That's today's AI Prism, Global Investors.
03:31This episode was produced with AI assistance based on Seoul Economic Daily reporting
03:36and reviewed by a human editor.
03:38AI Prism is a Wanifra award-winning series.
03:41We'll be back tomorrow.
03:42You've been listening to AI Prism from Seoul Economic Daily.
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