Daily Report : Korea's gains are good for tech, too
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Korea's gains are good for tech, too: Korea's KOSPI index surged more than 30% over only 50 sessions, a historic jump that has tended to precede further gains. Such bursts of momentum were also good for U.S. tech shares and the Nasdaq 100. The KOSPI jump has been helped by a broadening out of participation, with more stocks showing improved trends. |
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Korea's gains are good for tech, tooBy Jason GoepfertBOTTOM LINEKorea's KOSPI index surged more than 30% over only 50 sessions, a historic jump that has tended to precede further gains. Such bursts of momentum were also good for U.S. tech shares and the Nasdaq 100. The KOSPI jump has been helped by a broadening out of participation, with more stocks showing improved trends. FORECAST / TIMEFRAME |
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