00:00foreign institutional money is quietly repositioning around korea right now and one headline matters
00:05more than the rest korea's government bond market just flashed a warning the french bond market
00:10just did too korea's 10-year bond yield the korean benchmark has moved in a way that could
00:16reprice global risk here's why global investors should pay attention it's wednesday october 28th
00:22here's why global investors are paying attention to korea today this week three things are shaping
00:27the picture first a sovereign debt scare in france is spilling into european bond markets
00:32second anthropics ipo filing is forcing investors to test whether ai spending can actually turn into
00:39profit third neighbor just locked in nine billion dollars of ai compute infrastructure with brookfield
00:45each one touches the core question for foreign allocators where does capital go next and at what
00:51risk here's what the numbers show france's 10-year government bond yield has moved above five percent
00:56and its spread over german bonds has widened to the highest levels since the 2011 eurozone debt
01:01crisis the fiscal deficit now exceeds five percent of gdp and public debt has reached 119 percent
01:08both sit far above the eurozone's three percent and 60 percent limits the european commission expects
01:14the deficit to widen to 5.7 percent in 2027 meanwhile anthropic disclosed that its revenue grew
01:211 368 percent year on year in the three months ended june 30th while compute and infrastructure
01:28costs rose just 300 percent its first half revenue hit 16.28 billion dollars more than 14 times the same
01:36period last year but its infrastructure commitments exceed 800 billion dollars with some contracts running
01:42until 2045 analysts are asking whether the profits are landing with anthropopic or with google and amazon
01:48which collect fixed cloud payments regardless of usage neighbor signed a nine billion dollar deal
01:53with brookfield to build ai compute capacity with 55 megawatts targeted for the first half of 2027
02:00and 200 megawatts by 2028 neighbor signed a nine billion dollar deal with brookfield to build ai compute
02:06capacity so what does this mean for foreign investors weighing korea exposure this quarter earlier we said
02:11that france's bond stress could spread across eurozone markets here's what that actually means for you
02:17korea's sovereign and corporate bonds are not directly exposed to france's fiscal problems
02:23but global risk premiums move together when one major sovereign wobbles watch for capital rotating
02:29toward german bonds high-grade corporate bonds and u.s treasuries which have already rallied on safe
02:35haven demand equity allocators the anthropic filing sets a useful benchmark if ai revenue growth keeps
02:41outpacing infrastructure costs the sector remains attractive if not the fixed cost burden will hit
02:48the hyperscalers first and naver's deal structure will be tested against the same question here's what
02:53to watch in the next few weeks the french budget deadline at year end the 2027 presidential election
02:58in april and may anthropics ipo pricing and the first day trading naver's first capacity milestone
03:06in 2027 that's today's ai prism global investors this episode was produced with ai assistance based
03:13on sole economic daily reporting ai prism is a juan ifra award-winning series we'll be back tomorrow
