Wall Street Has a New AI Crystal Ball—and It’s 7,000 Miles Away in South Korea: ‘We Are All Korean Investors Now’
Rishabh Mishra
Wed, July 22, 2026 at 8:01 AM GMT+5:30
5 min read
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below
Investors have a new gauge to assess the markets before they open in the West, as Bloomberg reports that South Korea’s technology-heavy Kospi Index is gradually becoming a new benchmark for global artificial intelligence trade
A Shared Volatility Ecosystem
Bloomberg data highlights that the 60-day correlation between the Kospi and the Nasdaq 100 now stands at 0.46. This is three times more than its five-year average of 0.16
This correlation is fueled by leveraged trading in the stocks of SK Hynix Inc. and Samsung Electronics Co
Still Learning the Market?These 50 Must-Know Terms Can Help You Catch Up Fast
Ivan Feinseth, chief investment officer at Tigress Financial Partners, told Bloomberg that Korea is now part of the “same volatility ecosystem as the Nasdaq and SOX,” adding that SK Hynix and Samsung now act as a pre‑market read‑through
Feinseth also said that Korea was no longer “a distant emerging-market sideshow.”
Shifting Investment Rituals
As global portfolio managers have been tracking Korean shares and SK Hynix’s U.S.-listed depositary receipts, Hani Redha, a London-based portfolio manager at PineBridge Investments, told Bloomberg, “We are all Korean investors now.”
Tai Hui, chief market strategist for Asia Pacific at JPMorgan Asset Management, also explained that he hasn’t presented Korea to his global team “until this year.”
Navigating the New Normal
Despite a recent 30.57% tumble to 6,516.27 points from its 52-week high of 9,385.59 points, the Kospi benchmark remains up 54.63% year-to-date and 104.40% for the year. It was also 28.02% lower over the last month, leaving fund managers to deal with leverage-driven swings
See Also:Avoid the #1 Investing Mistake: How Your ‘Safe’ Holdings Could Be Costing You Big Time
“This is the new normal investors have to accept, as long as the AI rally continues,” said Chisa Kobayashi, Japan equity strategist at UBS SuMi TRUST Wealth Management. She adds that the stock moves “can des like South Korea’s Kospi become popular
How Have Markets Performed In 2026?
The S&P 500 index has advanced 8.74% year-to-date. Similarly, the Nasdaq Composite index was up 9.83%, and the Dow Jones gained 7.78% YTD
The SPDR S&P 500 ETF Trust andInvesco QQQ Trust ETF, which track the S&P 500 and Nasdaq 100, respectively, were higher in premarket on Monday. The SPY was up by 0.35% at $745.88, while the QQQ advanced by 0.72% to $700.32
