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Kospi Index, EWY ETF jumps after Micron earnings, but major risks remain

Market Technicals & FlowsInvestor Sentiment & PositioningEmerging Markets

South Korea's Kospi Index jumped over 5% on Thursday and is approaching its all-time high of 9,387 after surging 184% over the last 12 months. The move underscores powerful momentum and investor risk-on sentiment in Korean equities, making the index the best-performing global market over the period.

Analysis

South Korea's Kospi Index jumped over 5% on Thursday and is approaching its all-time high of 9,387 after surging 184% over the last 12 months. The move underscores powerful momentum and investor risk-on sentiment in Korean equities, making the index the best-performing global market over the period.

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Market Sentiment

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strongly positive

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