Investors have a new gauge to assess the markets before they open in the West, as Bloomberg reports that South Korea's technology-heavy Kospi Index is gradually becoming a new benchmark for global artificial intelligence trade.
投資者在西方市場開盤前有了一個新的市場評估指標，據彭博報道，韓國科技股佔比較高的Kospi Index正逐漸成為全球人工智慧交易的新基準。
A Shared Volatility Ecosystem
一個共通的波動生態系統
Bloomberg data highlights that the 60-day correlation between the Kospi and the Nasdaq 100 now stands at 0.46. This is three times more than its five-year average of 0.16.
彭博數據顯示，Kospi指數與納斯達克100指數的60日相關性目前為0.46，是其五年均值0.16的三倍。
This correlation is fueled by leveraged trading in the stocks ofSK Hynix Inc.(NASDAQ:SKHY) andSamsung Electronics Co.(OTC:SSNLF).
這種相關性由SK Hynix Inc.（NASDAQ:SKHY）和Samsung Electronics Co.（OTC:SSNLF）股票的槓桿交易推動。
Ivan Feinseth, chief investment officer at Tigress Financial Partners, told Bloomberg that Korea is now part of the "same volatility ecosystem as the Nasdaq and SOX," adding that SK Hynix and Samsung now act as a pre‐market read‐through.
Ivan Feinseth，Tigress Financial Partners的首席投資官，對彭博表示，韓國如今已成為「與納斯達克和費城半導體指數（SOX）同屬一個波動生態系統」的一部分，並補充稱SK Hynix和Samsung如今起到了盤前風向標的作用。
Feinseth also said that Korea was no longer "a distant emerging-market sideshow."
Feinseth還表示，韓國已不再是「遙遠的新興市場邊緣角色」。
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Shifting Investment Rituals
投資慣例正在轉變
As global portfolio managers have been tracking Korean shares and SK Hynix's U.S.-listed depositary receipts,Hani Redha, a London-based portfolio manager at PineBridge Investments, told Bloomberg, "We are all Korean investors now."
隨著全球投資組合經理紛紛追蹤韓國股票以及SK Hynix在美國上市的存託憑證，總部位於倫敦的PineBridge Investments投資組合經理Hani Redha對彭博表示：「我們現在都是韓國投資者了。」
Tai Hui, chief market strategist for Asia Pacific at JPMorgan Asset Management, also explained that he hasn't presented Korea to his global team "until this year."
Tai Hui，摩根大通資產管理亞太區首席市場策略師，也解釋稱，他直到今年才向其全球團隊介紹韓國市場。
Navigating the New Normal
適應新常態
Despite a recent 30.57% tumble to 6,516.27 points from its 52-week high of 9,385.59 points, the Kospi benchmark remains up 54.63% year-to-date and 104.40% for the year. It was also 28.02% lower over the last month, leaving fund managers to deal with leverage-driven swings.
儘管近期從52週高點9,385.59點下跌了30.57%，至6,516.27點，但韓國綜合股價指數（Kospi）基準指數今年以來仍上漲了54.63%，全年累計上漲104.40%。該指數上個月也下跌了28.02%，令基金經理不得不應對槓桿交易引發的劇烈波動。
"This is the new normal investors have to accept, as long as the AI rally continues," saidChisa Kobayashi, Japan equity strategist at UBS SuMi TRUST Wealth Management. She adds that the stock moves "can deviate from fundamentals" as leveraged trades on emerging markets like South Korea's Kospi become popular.
「只要人工智慧行情持續，這就是投資者必須接受的新常態，」UBS SuMi TRUST Wealth Management日本股票策略師Chisa Kobayashi表示。她補充稱，隨著針對韓國Kospi等新興市場的槓桿交易日益流行，股價「可能會偏離基本面」。
How Have Markets Performed In 2026?
2026年至今市場表現如何？
The S&P 500 index has advanced 8.74% year-to-date. Similarly, the Nasdaq Composite index was up 9.83%, and the Dow Jones gained 7.78% YTD.
標普500指數今年以來已上漲8.74%。同樣，納斯達克綜合指數上漲了9.83%，道瓊斯指數年內迄今上漲了7.78%。
TheSPDR S&P 500 ETF Trust(NYSE:SPY) andInvesco QQQ Trust ETF(NASDAQ:QQQ), which track the S&P 500 and Nasdaq 100, respectively, were higher in premarket on Monday. The SPY was up by 0.35% at $745.88, while the QQQ advanced by 0.72% to $700.32.
跟蹤標普500指數和納斯達克100指數的標普500指數ETF-SPDR（NYSE:SPY）和納指100ETF-Invesco QQQ Trust（NASDAQ:QQQ）週一盤前均走高。SPY上漲0.35%，報$745.88；QQQ上漲0.72%，報$700.32。
Meanwhile, the Dow tracker,State Street SPDR Dow Jones Industrial Average ETF Trust(NYSE:DIA), was 0.20% higher at $521.84 on Monday.
與此同時，跟蹤道瓊斯指數的State Street SPDR Dow Jones Industrial Average ETF Trust（NYSE:DIA）週一上漲0.20%，報$521.84。 (Benzinga)