Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Technology › Korea-Hong Kong Correlation Shows Shorts Unwind: Equity Insight
Technology

Korea-Hong Kong Correlation Shows Shorts Unwind: Equity Insight

Bloomberg Markets Wednesday 29 July 2026, 01:12 UTC By Jeanny Yu 1 min read
Key Points

Korea-Hong Kong Correlation Shows Shorts Unwind: Equity Insight Global funds entered short positions in Hong Kong tech stocks earlier this year to raise funds to invest in South Korea’s chip giants, but the latest correlation numbers show those trades look to be rapidly unwinding. South Korea’s Kospi Index is once again negatively correlated with the Hang Seng Tech Index on a rolling 20-day basis, meaning that gains or losses in one gauge correspond with opposite moves in the other. That...

Korea-Hong Kong Correlation Shows Shorts Unwind: Equity Insight Global funds entered short positions in Hong Kong tech stocks earlier this year to raise funds to invest in South Korea’s chip giants, but the latest correlation numbers show those trades look to be rapidly unwinding. South Korea’s Kospi Index is once again negatively correlated with the Hang Seng Tech Index on a rolling 20-day basis, meaning that gains or losses in one gauge correspond with opposite moves in the other. That pattern suggests investors are selling the Korean gauge, with its heavy weighting of chipmakers Samsung Electronics Co. and SK Hynix Inc., and covering their short positions in Hong Kong-listed tech firms such as Alibaba Group Holding Ltd. and Tencent Holdings Ltd.
Korea (LOCATION) Hong Kong (LOCATION) South Korea’s (LOCATION) Kospi (PERSON) Hang Seng Tech (ORG) Korean (ORG) Samsung Electronics Co. (ORG) SK Hynix Inc. (ORG) Alibaba Group Holding Ltd. (ORG) Tencent Holdings Ltd. (ORG)
Originally published by Bloomberg Markets Read original →

Related Stories

China starts production of home-grown immersion DUV chipmaking tools: Source

China starts production of home-grown immersion DUV chipmaking tools: Source Immersion deep-ultraviolet lithography machines are crucial to advanced chipmaking, and this marks a key step forward in Beijing’s drive to reduce its reliance on foreign technologies. SINGAPORE: China has begun mass producing domestically developed immersion deep-ultraviolet (DUV) lithography machines, a technology crucial to advanced chipmaking, a person familiar with the matter said, marking a key step forward in...

Channel News Asia 36m ago

HongKong Land CFO on 1H26 Results

Jul 29th, 2026 HongKong Land CFO on 1H26 Results Craig Beattie, CFO of commerical property firm HongKong Land, discusses the company's 11% rise in underlying profit for the first six months of the year, and discusses its outlook and strategy for growth. He speaks exclusively with Haidi Stroud Watts on "Bloomberg: The Asia Trade".

Bloomberg Technology 38m ago

Meta's Zuckerberg says US should not block Chinese AI models, FT reports

Meta's Zuckerberg says US should not block Chinese AI models, FT reports July 28 : Meta CEO Mark Zuckerberg told the Financial Times the U.S. government should not block Chinese models to gain an edge in the AI race, and warned against "regulatory capture" by American frontier labs that could stifle domestic competition. In an interview with the newspaper published on Tuesday, Zuckerberg said that banning cutting-edge Chinese AI in the U.S. would not be "an effective solution".

Channel News Asia 43m ago

Does every question mark deserve a Betteridge?

Does every question mark deserve a Betteridge? To blog is to get dunked on. I even sometimes wonder if I should be grateful, as I suspect my willingness to get dunked on may represent a kind of comparative advantage.

Hacker News 48m ago