South Korean equities are riding a strong export wave, with customs data showing semiconductors leading another surge and business sentiment for the fourth quarter improving on chi
South Korean equities are riding a strong export wave, with customs data showing semiconductors leading another surge and business sentiment for the fourth quarter improving on chip and cosmetics demand. Corporate profit estimates for the third quarter have been revised higher, and a swelling tax surplus is giving the government more fiscal room. The tension worth watching is that local investors are still channeling money into US assets even as the KOSPI sits at elevated levels, so domestic confidence and domestic capital are moving in different directions.
Sources
Ezbrisk weighs each event against the market reaction and publishes a verdict with an overreaction reading. How the methodology works