KOSPI Nasdaq 100 60-Day Correlation Hits 0.50, Highest Level Since 2021

Rayliant data shows KOSPI-Nasdaq correlation at 0.50, a 2021 high. This tightens market linkage, potentially eroding diversification benefits for investors holding both assets.

Woofun AI data shows that the 60-day correlation between the Korea Composite KOSPI and the Nasdaq 100 has risen to approximately 0.50. This figure represents the highest level recorded since 2021, according to asset manager Rayliant.

Market observers caution that this increased synchronization diminishes the traditional risk-hedging advantages associated with maintaining a portfolio split between U.S. and South Korean equities.