Korea’s Semiconductor Breakout Has An Expiration Date

Korea confirms the semi bid

South Korea’s exports jumped 78.3% YoY in the first 20 days of September, led by a 259.4% surge in semiconductor shipments. Korea is one of the clearest real-time windows into the global memory cycle, so the strength matters as SOX pushes higher.

The question is whether KOSPI starts to catch up to the SOX move.