South Korean Investors Suddenly Wake Up To Nuclear Armageddon Risks Next Door
by Tyler Durden
ZeroHedge.com
Aug 10, 2017
The always efficient markets of the world had, until very recently discounted zero probability of any ‘risk’ for South Korean stocks. Having soared 27% in the last few months, hot money EM flows have sent KOSPI soaring, despite endless escalations in rhetoric against their neighbor; until all of a sudden, after President Trump’s “fire & fury” escalation, KOSPI ‘risk’ just exploded…
While the ‘professionals’ in the credit markets have been pricing in increasing risk for South Korea for months…
It seems for much of the last year, every mention of “nuclear” armageddon was a reason to buy South Korean stocks…
The Rest…HERE
