Korean Stocks Continue to Pop π The Chart Report
Chart of the Day
π Today's Chart of the Day was shared by Todd Gordon.
The KOSPI extended its remarkable run today, closing at new all-time highs and on pace for its best two-month rally in history.
It's also breaking out above a 37-year relative downtrend versus the S&P 500, suggesting we may still be in the early innings of future outperformance.
South Korean stocks have already more than quadrupled over the last 17 months, with the countryβs two largest companies, Samsung Electronics and SK Hynix, recently surpassing the $1 trillion market cap milestone.
The Takeaway: The South Korean KOSPI is making new highs on both an absolute and relative basis.
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