🇰🇷 While KOSPI whipsaws 6-9% a day, the actual data underneath it is quietly solid.


- Unemployment beat forecast, 2.7% vs 2.8% expected.
- Export prices up 48.9% year over year, accelerating.
- South Korea just priced €1.7B in currency stabilization bonds at record-low spreads, investors aren't panicking about Korean debt even while the stock market panics daily.
This is the disconnect worth watching.
The index trades like a casino right now.
The fundamentals underneath it don't.
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