00:02You're listening to AI Prism from Seoul Economic Daily.
00:30Here's why global investors are paying attention to Korea today.
00:34Korea's market moves are unfolding just ahead of this month's Federal Reserve meeting,
00:38when investors typically trim exposure to riskier assets like Korean equities.
00:43The one's sharp rally from the 1,550 range in July to the low 1,300s gave foreign holders
00:50of Samsung Electronics and SK Hynix a chance to lock in both stock gains and currency gains
00:57at once.
00:57At the same time, a separate financing battle is playing out in global bond markets where
01:02AI-driven corporate borrowing is starting to compete directly with U.S. government debt
01:07for investor cash.
01:09Here's what the numbers show.
01:11KOSPI closed at 6,717.97, up 1.37% on the day, snapping a five-session losing streak even
01:20as foreigners kept selling.
01:21Foreigners sold 11.9 trillion won of Korean stocks over six straight sessions through September
01:2716, with more than 93% of that selling concentrated in Samsung Electronics and SK Hynix.
01:35Daily trading value on KOSPI fell to a 2026 low of 20.97 trillion won this month, down more
01:42than half from June's 50.3 trillion won peak.
01:45The U.S. 10-year Treasury yield briefly topped 5.04% this week, its highest level since 2007,
01:53while the 30-year sits near 5.3%.
01:56Alphabet alone has issued bonds in yen, euro, Swiss franc, and Canadian dollar terms this year,
02:03plus a 100-year British pound bond, as tech's share of long-dated corporate bond issuance
02:08jumped from 6.1% to 24.1% year-on-year.
02:13SK Hynix is weighing whether to lease part of Intel's Ohio fab or form a joint venture with cloud
02:20customers to produce memory chips in the U.S. for the first time, following its NASDAQ ADR listing
02:26in July and its $4 billion Indiana HBM packaging plant targeted for 2029.
02:33Seoul and Washington are also negotiating Korea's stake in Westinghouse, with Korean utilities needing
02:39roughly 4.1 trillion won to secure the 10% threshold required for board representation.
02:45State Street's risk appetite index showed institutional stock allocations 32.5 percentage
02:52points above bonds in August, the widest gap since the 2008 financial crisis, with capital
02:58concentrating in Korean and Taiwanese tech names on strong earnings outlooks.
03:03So what does this mean for global investors?
03:05Earlier, we said foreign investors pulled almost 12 trillion won from Korean stocks,
03:11while Kospi still held 6,700. Here's what that actually means for you.
03:16It was a Fed timing and currency trade, not a verdict on Korea's fundamentals.
03:21With Samsung's chip division projected toward a record 370 trillion won in annual profit,
03:27and SK Hynix advancing toward true U.S. production, Korea's weight in global tech supply chains is still
03:33rising even as headline flows turn negative. Watch how the Fed's next move and the outcome of the SK
03:39Hynix Intel talks shape whether this profit-taking reverses into renewed buying once policy uncertainty
03:45clears. That's today's AI Prism, Global Investors. This episode was produced with AI assistance based on
03:53Seoul Economic Daily reporting and reviewed by a human editor. AI Prism is a Juan Ifra award-winning
04:00trading series. We'll be back tomorrow. You've been listening to AI Prism from Seoul Economic Daily.
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