00:00foreign institutional flows into korea sold off sharply this week the korean one closed at 1341.5
00:07against the dollar let's look at what's driving that move it's thursday november 5th here's why
00:13global investors are paying attention to korea today meta just raised 15 billion dollars in a
00:19u.s dollar bond sale about 20.1 trillion one orders reached as high as 58 billion dollars
00:26demand was roughly four times the offering size even after the company's credit outlook was cut
00:31the main reason the coupon meta's 10-year bond yields 6.55 percent that's about one percentage
00:39point above the average for aa rated bonds big tech credit spreads are now trading at their widest level
00:44against other investment grade debt since 2003 here's what the numbers show meta oracle alphabet
00:51and microsoft all accessed bond markets in the same stretch those four issuers are the clearest sign
00:57that ai capital needs are now flowing through the debt market bloomberg intelligence estimates
01:02hyperscalers and neocloud operators will invest about 4.5 trillion dollars over the next three years
01:09meta alone is projected to spend more than 740 billion dollars that scale changes how credit
01:15investors price risk in the u.s midterm elections the democrats are favored to win the house
01:20while the senate is a close contest if democrats take congress the trump administration's remaining
01:26two years could look very different investigations could widen and a few states could tighten rules on
01:32ai infrastructure analysts estimate state-level ai infrastructure investment exposed to democratic
01:39governors at about 2.5 trillion dollars on the korean market the cosby closed up about 0.6 percent
01:46at 5683.80 after swinging more than 4 percent intraday foreign investors sold a net 2.5 trillion one in
01:56a single day
01:57samsung electronics and sk hynix both finished lower that is the pressure point for global investors this week
02:03so what does this mean for global investors weighing korea exposure earlier we said that big tech credit spreads
02:10are at their widest since 2003 here's what that actually means for you if you hold korean
02:16semiconductor or ai linked equities the bond market is telling you that funding costs for ai build out
02:22are rising not falling the question for the next quarter is whether data center regulation tightens in
02:28states that host major ai projects and whether the one stabilizes near 1340 as foreign flows normalize
02:36watch the spread between big tech bonds and investment grade peers and watch korean
02:41semiconductor flows for early signs of a turn that's today's ai prism global investors this episode
02:48was produced with ai assistance based on seoul economic daily reporting ai prism is a wan ifra award-winning
02:55series we'll be back tomorrow
02:58owl
02:59you
02:59you
02:59you
02:59한글자막 by 한효정
