00:20korsby 12000 it's tuesday september 8th here's why global investors are paying attention to
00:26korea today korea's benchmark index closed at 6995.39 its highest level since july driven by a
00:36chip rally at the same time the one hit a fresh yearly low near 1335 per dollar and u.s
00:44treasury
00:45issuance is about to surge together these moves are reshaping how foreign capital weighs korea's
00:51risk and reward here's what the numbers show samsung electronics closed up 5.68 percent
00:57at 270,001 while sk hynix jumped 8.26 percent to 1,783,001 foreign investors net bought 2.55
01:10trillion one and institutions added 2.64 trillion one even as retail investors sold a net 6.83 trillion
01:19one goldman sachs kept its cosby target at 12 000 citing 360 expected earnings growth this year
01:27against a current 5.3 times forward pe the one touched 1 334.7 per dollar intraday its strongest
01:36level since october 2024 pressured by exporter dollar selling and the national pension service
01:43halting its currency hedging korea's four largest life insurers cut their government bond holdings by
01:4913.9 trillion one this year pushing the 10-year treasury yield up roughly one percentage point
01:56to 4.36 percent in the u.s bofa projects investment grade corporate bond issuance near 190 billion
02:06dollars this month adding pressure on global yields ahead of a 39 billion dollar 10-year auction
02:12on september 9th a stronger one is already cutting into export earnings city has lowered samsung
02:19electronics third quarter operating profit forecast by 10 percent so what does this mean for global
02:25investors weighing exposure to korea earlier we said goldman is still calling for cosby 12 000 here's
02:32what that actually means for you the bank is betting on earnings catching up to price not multiple
02:37expansion so the case rests on chip makers actually delivering a stronger one adds a real currency
02:44tailwind for dollar-based returns but it also cuts into one denominated earnings at exporters like
02:51samsung and hyundai with bond supply mounting on both sides of the pacific currency and rate moves not just
02:59equity flows will decide whether this rally holds what to watch the september 9th u.s 10-year treasury
03:07auction and the expanded buyback rollout korea's q3 earning season which will test goldman's 360
03:15profit growth assumption and whether the one stabilizes below 1390 the threshold city flag for the national
03:23pension service deposits hedging that's today's ai prism global investors this episode was produced
03:30with ai assistance based on sole economic daily reporting and reviewed by a human editor ai prism is a
03:37wanifra award-winning series we'll be back tomorrow you've been listening to ai prism from sole economic daily
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