Korea-u.s. Stock Correlation Climbs to Highest Since July 2024, Kobeissi Says

The 60-day correlation between South Korea's KOSPI and the Nasdaq 100 (COMP:IND) has climbed to 0.46, the highest level since July 2024, as the two markets become increasingly synchronized, according to The Kobeissi Letter. The latest reading marks a sharp reversal

The 60-day correlation between South Korea’s KOSPI and the Nasdaq 100 (COMP:IND) has climbed to 0.46, the highest level since July 2024, as the two markets become increasingly synchronized, according to The Kobeissi Letter.

The latest reading marks a sharp reversal

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