dailypro2020

AI Cycle at Year 4: Is This a Dot-Com Bubble or an Industrial Revolution? Korea's Stake in the Debate The bull and bear cases for AI have never been more sharply polarized. On one side, Meritz Securities in Seoul projects the KOSPI at 11,500 based on a structural transformation thesis that draws explicit parallels to the industrial revolution. On the other, Bank of America's chief investment strategist Michael Hartnett warns that the narrow market breadth — just 20 of the S&P 500's 500 constituents hit new highs on May 29 — mirrors the dot-com peak of March 2000 with alarming precision. I think both sides present intellectually honest arguments backed by real data, and the truth probably lies somewhere in between. But the evidence tilts toward the structural shift camp — with important caveats that every investor in Korean equities needs to understand before making allocation decisions. " alt="AI Cycle Year 4 Bull Bear Debate Infographic: S&P500 8-...

KOSPI at 7,800: National Pension Service Decision Looms as Korea's Rally Meets Its Biggest Test I've been tracking the KOSPI rally all week, and the move to 7,800 tells me something important. the third week of May delivered one of the strangest trading sessions in Korean market history. On May 22, the KOSPI closed at 7,812, up 0.41% — a modest gain for the benchmark. But the KOSDAQ, Korea's tech-heavy secondary board, exploded 4.9% higher in a single day. That kind of divergence — KOSPI treading water while the KOSDAQ goes vertical — does not happen often, and when it does, it usually means something structural is shifting beneath the surface. This time, that something is a collision of two opposing forces: the heaviest foreign selling in Korean history, and the largest retail buying wave the market has ever seen. Which one wins depends largely on a single meeting scheduled for May 28. The National Pension Service's fund management committee will vote that day on i...