Going Seoul, Oh! BTIG Warns Historic Divergences In KOSPI Suggest 'Extreme Caution'

As we detailed earlier, overnight the S. Korean Kospi was up 2.25% to a fresh all-time high.

Yet, as BTIG's chief technical strategist, Jonathan Krinsky, points out in a brief note today, there were only 67 names up on the day vs. 728 down!