The KOSPI Index previously fell nearly 40% from its peak. As forced liquidation pressure gradually fades, the sell-off in Korean equities appears to be nearing an end. Korean stocks seem to have entered a technical bull market, and this rally may have considerable staying power. Why do I think this technical bull market in Korean stocks could last for quite some time? There are several reasons. 1. The AI semiconductor cycle is still in an upswing The KOSPI is highly dependent on memory-chip giants Samsung Electronics and SK hynix, which together account for roughly half of the index’s weight. $三星电子(SSNLF)$ $ $SK海力士(SKHY)$ Boosted by Nvidia’s latest earnings report, which s

Gold has staged a powerful rally over the past week. Yesterday, spot gold climbed as much as 1.7%, breaking above $4,680 per ounce and reaching its highest intraday level since mid-May. Gold stocks and related ETFs have also benefited from the rally. Over the past week, Newmont (NEM), ProShares Ultra Gold (UGL), and Agnico Eagle Mines (AEM) have all recorded strong gains.$纽曼矿业(NEM)$$2倍做多黄金ETF-ProShares(UGL)$$伊格尔矿业(AEM)$ So what is driving this latest surge? In my view, there are four main reasons. 1. The U.S. Treasury’s Expansion of Long-Term Bond Buybacks Last week, the U.S. Treasury unexpectedly announced that it wou

Bitcoin jumped 22% last week, marking its biggest weekly gain in three years. At one point, Bitcoin surged as much as 9.4% in a single day, reaching around $77,000. Meanwhile, inflows into Bitcoin ETFs also reached their highest level in 10 months. The 13 U.S.-listed funds attracted a combined $1.92 billion in net inflows, the strongest weekly total since October last year. So why did Bitcoin rally so sharply this time? I think there are several key reasons. 1. The direct catalyst: U.S. Treasury bond buybacks The U.S. Treasury’s long-term bond buyback program helped push down long-term Treasury yields, directly improving sentiment across the cryptocurrency market. The rapid rise in Bitcoin also forced traders to close billions of dollars worth of short positions, creating additional buying

South Korea’s stock market has experienced an extremely volatile year. From the beginning of 2026 through June 22, the KOSPI staged a powerful bull run, reaching an all-time high of 9,114.55 on June 22. However, Korean equities then entered a technical bear market, falling all the way to 5,593 on July 30, representing a 39% drawdown from the peak. Since then, the KOSPI has rebounded sharply. By August 18, the index had recovered to 6,913, up 23% from its July low. So why has the Korean stock market experienced such an extreme cycle of surge, collapse, and technical rebound? Why did Korean stocks rally so strongly from the beginning of the year to June 22? I believe there were two main reasons. 1. The AI supercycle Since the beginning of the year, the global AI supply chain has entered a su

Why Did CSOP Samsung Electronics Daily (2x) Leveraged Product Suddenly Surge? CSOP Samsung Electronics Daily (2x) Leveraged Product ($07747$) has surged 7.39% from today’s open so far.$南方两倍做多三星电子(07747)$$3倍做多韩国ETF-Direxion(KORU)$$韩国ETF-iShares MSCI(EWY)$ I believe there are several main reasons behind the move: 1. Samsung Electronics and Korean semiconductor stocks are rebounding strongly. Samsung Electronics, SK Hynix, and the broader Korean technology sector had suffered significant declines previously. Recently, however, risk appetite has recovered and capital has started flowing back into Korean semiconductor st

Tencent Music Entertainment (TME) fell 11.92% yesterday to close at $8.72, after touching an intraday low of $8.21. At first glance, the company’s earnings did not appear weak enough to justify such a sharp sell-off. So why did the stock tumble nearly 12% following the results? In the second quarter, TME generated RMB 8.93 billion in revenue, up 5.8% year over year and above market expectations. Revenue from music-related services increased 11% to RMB 7.61 billion, while membership revenue rose 8.1% to RMB 4.79 billion. Non-IFRS net profit increased 4.4% to RMB 2.69 billion. The problem is that markets do not simply price whether a company is growing. They price whether that growth is strong enough to justify its valuation. 1. Ximalaya contributed significantly to headline growth Ximalaya