Asia’s Most Sought-After Emerging Market Is About to Get Hotter
- Memory chip upcycle to send Kospi to 3,200: JPMorgan
- Won could test 1,000/dollar next year: Bloomberg Intelligence
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For investors seeking to ride the global reflation story in 2021, South Korea appears to be one of the hottest places in Asia.
Global funds are buying shares in the nation’s tech-heavy stock market at the fastest pace in four years this quarter, helping to make the Kospi Asia’s best-performing major benchmark in 2020. At $58 billion, their purchases of local bonds this year are on course for a record. And the won is tussling with the yuan for the region’s No. 1 spot.