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South Korean stocks drag broader Asian markets, FX ticks up - The Edge Malaysia
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South Korean stocks drag broader Asian markets, FX ticks up The Edge Malaysia
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4 itemsJPMORGAN GLOBAL RESEARCHJ.P. Morgan Global Research
Asia Cross Asset: Taking stock of the North Asian equity surge
The desk observes a compelling correlation between North Asian equity market rallies, particularly in Korea and Taiwan, and potential strengths in their respective currencies. Per the full note, driven by AI-led enthusiasm and shifting investment flows, both markets are extending their upward trajectories which can lead to opportunities in foreign exchange markets. The increasing monetization and shifts in market sentiment might enhance demand for local currencies, particularly as foreign inflows pick up. Current analysis suggests the South Korean won and the new Taiwan dollar could benefit significantly if this equity momentum persists.
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