‘Korean markets are like small caps’, says Capitalmind Mutual Fund CEO Deepak Shenoy; Kospi jumps 5% (opens original article in a new tab)

South Korean markets showed extreme volatility amid proposed taxes on unrealised gains and shifting investor sentiment, with the Kospi rising 5% following positive AI-related news and semiconductor announcements.

• South Korean markets experienced significant volatility due to proposed taxes on unrealised gains and shifting investor sentiment
• Kospi jumped 5% after positive news on AI demand and semiconductor company announcements
• Capitalmind CEO compared Korean markets to small-cap stocks with sharp price swings
• Proposed tax on unrealised gains could impact wealthy shareholders and chaebol families like Samsung's