The Market Ear
May 28, 2026
AI On Steroids
Market ReportEquitiesVolatilityCommoditiesInformation Technology
The report highlights that the KOSPI index has become a leveraged global proxy for AI momentum, but recent technical signals suggest exhaustion and potential spillover into broader markets.
Key Takeaways
- 1.The KOSPI has evolved into a high-leverage global proxy for AI and semiconductor momentum, often outperforming the SOX index.
- 2.Technical indicators (shooting star and hanging man candles) suggest the AI-driven rally in Korea is reaching a point of exhaustion.
- 3.Semiconductor equities are increasingly behaving like spot commodities due to extreme hardware scarcity and capacity constraints.
Table of Contents
- AI On Steroids
- Dare to short it?
- Poor candles
- Why KOSPI matters
- Hardware scarcity premium
- Who cares about KOSPI?
- The great vol gap
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Authors
Author(s)
Securities
KOSPISK HynixSamsungSOXVIXSPX
Themes
AI Infrastructure MomentumCross-Asset Volatility SpilloverMarket Overextension and Exhaustion
Regions
GlobalAsia PacificSouth KoreaHong Kong