Correlation between U.S. Tech Stocks and South Korean Stock Market Reaches Highest Level Since 2021

Odaily Planet Daily News According to data provided by asset management company Rayliant, the 60-day correlation between the Korea Composite KOSPI and the Nasdaq 100 has recently climbed to around 0.50, reaching its highest level since 2021. Market participants warn that this closer relationship also brings risks, as the rising correlation erodes the diversification and risk-hedging benefits investors have traditionally sought by holding both U.S. and South Korean stocks. (Cailianshe)