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Since war is out of the question, one emerging markets pro sees the Korean kerfuffle as a buying...
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Tuesday, November 23, 2010, 4:54 PM ETSince war is out of the question, one emerging markets pro sees the Korean kerfuffle as a buying opportunity, "both short-term for a 20%-plus flip and 200% for long-term investment." Since nearly all Korean firms don't trade or barely trade in the U.S., South Korean closed-end funds such as Korea Fund (KF) offer opportunities for U.S. investors.
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This news story has 5 comments:
better use another emerging Asian ETF (such as Malaysia or Taiwan) as a proxy that fell purely due to the attack and nothing local.
N. Korea has just anointed a new boy leader, mentored by the top Korean general, and daddy's losing it fast. All kinds of wars start by accident. This one appears intentional, so far. Not a good sign.
One might be better off investing in a 2nd or 3rd derivatives -- petroleum distillates, food, other political tension / uncertainty plays.
This may not end quickly; North Korea is not exactly a smooth diplomatic operator, and they're shooting high explosive rounds at a nation which also contains lots of short-tempered Koreans.