Analyst Jack Bowman disagrees with Michael Burry's bullish call on Hong Kong over Korea, viewing Korea's recent selloff as a temporary dip rather than a structural shift. The market reaction was triggered by fears that Chinese AI advancements could hurt demand for Korean memory chips, but Bowman compares this to a past scare that eventually faded. He highlights that Hong Kong's cheaper valuation reflects ongoing risks like weak capital rights and currency devaluation, making it less attractive. Bowman prefers buying Korean stocks during their current downturn, seeing more potential value there compared to Hong Kong's persistent discount.
Last week, investors directed $3.03 billion into the iShares MSCI South Korea ETF to avoid premiums on SK Hynix ADRs, while U.S. large-cap ETFs like SPYM and QQQM also saw strong inflows. Despite a July pullback, the semiconductor sector attracted si...
Single-country ETFs are gaining attention as they capture localized economic and technological growth, especially in AI infrastructure and commodities. Countries like South Korea and Taiwan lead in AI hardware, while Thailand is emerging as a data ce...
