After that brief high of 8%, KOSPI plummeted 4.5% on April 2, wiping out a huge chunk of the peace gains.
Why?
Korea is one of those countries most vulnerable to energy shocks as it imports nearly all its energy.
Even Samsung Electronics and SK Hynix retreated sharply as investors de-risked their portfolio.
However for those who believe that AI is the future, it is a flash sale on the world's most critical AI hardware.
If you are ready to reserve a spot in the Korean recovery, then $iShares MSCI South Korea ETF(EWY)$ and $Franklin FTSE South Korea ETF(FLKR)$ are your best bets for instant exposure to Samsung and SK Hynix as they make up nearly 45% of these ETFs.
It is time to go bargain hunting.
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