Years ago, and I am literally talking decades here, a colleague recommended an article called something like, "Everything you need to know about markets". The key message I took from it was this, the US treasury market accounts for about 80% of the v...

Leaving the policy 7-day repo rate unchanged, the BoK did revise higher their inflation forecast for 2021, taking it from 1.0% to 1.3%. So some further upward revision to our own forecasts seems like it may be worth a look. The 3% BoK forecast for GD...

South Korea’s e-commerce giant, Coupang, has filled for a US$1 billion IPO on the NYSE. The valuation could be US$50 billion. Coupang may emerge as the fastest growing of the Baby Amazons, also know as EM Tech challengers. Coupang's e-commerce busine...

This issue is relevant for EM equity investors who grapple with whether to shift from the Technology sector, which has led the asset class in recent years, to Commodity exporters, which have lagged. TMSC (and Samsung) may face an even higher capex bu...

Last month, we tried and failed to come up with any silver linings to the rise in the December Korean unemployment rate to 4.5% from 4.1% (now revised to 4.2%). There were none that we could find. Once again, the breakdown of the news is not encourag...

Let's start with inflation: and the growing notion that inflation in the US is looming and could push bond yields higher gained further support from yesterday's prices-paid index within the manufacturing ISM survey. The last time it was higher than t...