The correlation between the South Korean stock market and the Nasdaq 100 Index has risen to its highest level in nearly two years, as revealed by Bloomberg.

According to Bloomberg, the 60-day correlation coefficient between the Korea Composite Stock Price Index (KOSPI) and the Nasdaq 100 Index has risen to 0.46, approaching the highest level in the past two years, and is nearly three times the five-year average of 0.16. Global fund managers regard the Korean market as an indicator for observing AI investment sentiment, closely monitoring the performance of Korean tech stocks such as Samsung Electronics and SK Hynix before the market opens. On the 7th of this month, the sensitivity indicator of the Nasdaq to the Korean stock market reached the highest level since 1990.