Korean 'ants' swarm back to Wall Street as KOSPI rout dents homecoming drive

South Korea’s stock market rout is undoing a government-backed push to bring retail ‘ant’ investors back, triggering the biggest rush into U.S. markets in six months. The flow is also reviving a longstanding risk to the won, implying near-term FX pressure alongside shifting risk appetite.

Analysis

South Korea’s stock market rout is undoing a government-backed push to bring retail ‘ant’ investors back, triggering the biggest rush into U.S. markets in six months. The flow is also reviving a longstanding risk to the won, implying near-term FX pressure alongside shifting risk appetite.