KOSPI-NASDAQ Correlation Reaches Highest in 5 Years, Impact of AI Investment
The investment boom in artificial intelligence (AI) is closely linking the South Korean and U.S. stock markets. The correlation coefficient between the KOSPI and the NASDAQ 100 index has recently risen to 0.50 over 60 trading days, marking the highest level since 2021. Raelian Global Advisors analyzed that investments in data centers by U.S. big tech companies and the demand for memory semiconductors are directly affecting the performance of Samsung Electronics and SK Hynix. As AI facility investments are directly related to the profitability of South Korean semiconductor companies, the synchronization of the two indices is strengthening. Samsung Electronics and SK Hynix account for more than half of the KOSPI's market capitalization, and their stock prices are sensitive to AI investment sentiment. The proportion of DRAM demand for data centers has increased from 40% last year to over 50% recently. As concerns about a slowdown in AI facility investment spread, SK Hynix's stock price fell by 13% in a short period, and after fluctuations in South Korean semiconductor stocks, major tech and semiconductor stocks in the U.S. market also declined. The South Korean stock market closes before the U.S. market, serving as a leading indicator that reflects AI-related investment sentiment in advance. However, there are also concerns that as the synchronization between the two markets deepens, the benefits of diversification may weaken.
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Qualcomm and Arm Drop Together: The Bill for Rising Memory Prices Finally Arrives for Mobile Chip Companies

Why Did Samsung's Stock Price Not Rise Despite Record Quarterly Profit?

gumi and SBI Launch Institutional Cryptocurrency Fund Starting in August

Iore Acquires Cryptocurrency HYPE, First Acquisition by a Listed Company in Japan

Robinhood Surprises: Predictive Market Revenue Outpaces Cryptocurrency in Q2

Duty-Free Allowances: What Products Can Be Brought into the Country Without Paying Tariffs

U.S. Stocks Feeling the Pressure of Midterm Elections

Anchors Before Debt: Why the Government Misses Another Opportunity to Return to Markets

Altcoin Season Index Today: Current Value, Chart & Why It Still Isn't Altcoin Season

A two-in-one pocket invention: the Bluetooth speaker that also lets you create your own music

Are Bitcoin Bear Markets Shortening? Here's What Historical Data Says

Kristalina Georgieva's Concerns

From Billionaire to Losing a $6 Billion Empire: The Fall of Shane Smith

What happens to your position if a market Is delisted?

Bitmain Reveals $11.8 Billion Ethereum Holdings... Launches Institutional Staking Strategy

Why transaction counts tell you almost nothing

Argentine Software Industry Achieves Record Exports, but Employment Declines for the First Time in Six Years

Why maximum leverage is a fee, not a feature

Dollar Weakens and Gold Prices Rise Following Fed's Rate Freeze

Oscar Lorenzo Reinhold, Seven-Time Convicted of Crimes Against Humanity, Dies

Azure Surpasses $100 Billion, Driving Record Revenue for Microsoft

Who were the seven people who died in the helicopter accident in San Juan

Cryptocurrency Exchanges Are 'Stealing' Ground from Traditional Brokers

BCRA Resumes Purchases as Reserves Exceed $49 Billion Again

Flock Cameras Face Growing Backlash as Privacy Concerns Reach Capitol Hill

Spider-Man: A New Day

Over 100 Participants Close Ethereum Institutional Funding

"There is no soft inflation target at the FED": Kevin Warsh

Poland Falls Behind in Cryptocurrency Dispute Due to Politicians











