One Of The Most Critical Bellwether Markets In The World Is Falling Right Now

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Photo: © Photographer – James C. Mutter / Podiatrist Kamran Jamshidinia, MD / {{{licence}}}

Korea’s KOSPI index is the big laggard of the moment. US futures are a bit higher (after a solid day), and Japan’s Nikkei is flat.But Korea is down 0.9%.

And Korea is a big deal. Why? Well as Morgan Stanley points out, it’s very much like copper in that it’s a good global economic bellweather. Just as copper is sometimes called Dr. Copper (the joke is that it has a PhD in economics), Dr. KOSPI is also apparently a thing.

KOSPI

Photo: Morgan Stanley

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