00:03it's thursday november 5. here's what investors are watching in korea today
00:08cosby closed at 5 648.79 on november 4th following a 400 point single session drop
00:16that pushed the index below the 5680 support level foreign investors have net sold 4.4 trillion won
00:25approximately 3.3 billion u.s dollars over seven consecutive months three variables will determine
00:33the next market move foreign flows u.s interest rates and earnings the cosby has been under sustained
00:41pressure from persistent foreign net selling totaling 4.4 trillion won over seven consecutive
00:48months elevated u.s rates and a stronger dollar have suppressed korean equity demand from yield
00:54sensitive institutions the u.s midterm results democrats recapturing both chambers at a new
01:01layer of uncertainty korean investors are now pricing men here's what the numbers show cosby closed at
01:085 648.79 on november 4th the breach of the 5680 technical level after a 400 point single session
01:18drop is a key signal for near-term direction foreign investors recorded a cumulative 4.4 trillion won
01:26approximately 3.3 billion u.s dollars in net sales over seven consecutive months the u.s 10-year treasury
01:35yield remaining above 4.4 percent continues to suppress korean equity attractiveness for foreign institutions
01:43corporate earnings for major exporters have come in below consensus removing a key near-term rebound
01:50catalyst separately hyundai motor and kia shed a combined 13.1 trillion won approximately 9.8 billion
01:59u.s dollars in market capitalization year to date as rising costs and pricing pressure eroded forward
02:06earnings visibility so what does this mean for investors watching the korean market earlier we said
02:13three variables foreign flows u.s rates and earnings stand between the cosby and a recovery
02:19here's what that actually means for you the most actionable signal will be a shift in u.s rate
02:25expectations or an earnings beat from a major exporter either catalyst could reverse the seven month
02:31outflow trend until one of those catalysts arrives range bound volatility around current levels is the
02:38market's default state watch federal reserve communications for any shift in forward rate
02:44guidance that is the most likely trigger for a foreign flow reversal watch upcoming q3 earnings for major
02:52korean exporters for any consensus beating result that could reset foreign positioning watch the cosby's
02:59ability to hold the 5 648 technical level as the first read on how the blue tsunami result is being
03:06priced into korean market risk appetite that's today's ai prism securities daily this episode was produced
03:14with ai assistance based on seoul economic daily reporting and reviewed by a human editor ai prism is a
03:21one ifra award-winning series we'll be back tomorrow
