Chief Executive Officer, Emmer Capital Partners Limited

Manishi Raychaudhuri

Chief Executive Officer

Emmer Capital Partners Limited

Emmer Capital Partners is an Asia Pacific focused financial advisory firm engaging in strategic financial asset allocation advice, bespoke thematic research and advising early-stage companies and connecting them to investors. Emmer Capital provides macro-economic and multi-asset investment strategy inputs to institutions, family offices, private wealth managers, private equity, and corporate boards directly and through independent research platforms. Emmer Capital also advises a wide range of startup companies on fund raising and business strategy. Emmer Capital's active engagement with the print and electronic media reaches a broad spectrum of investors across the globe.

Cross Asset Strategy

<ul>
<li>Asia's PE at 10% discount to long-term mean, driven by Korea, Taiwan's earnings boom. P/BV is at 10% premium. All market valuations barring Taiwan are near or below long-term means.</li>
<li>Considering current valuations relative to long-term averages, Korea seems destined for rerating. Onshore China seems near bottom. HK looks attractive but the ongoing DM yield spike could keep valuations depressed.</li>
<li>Indian valuations, marginally above long-term means, look attractive but could remain depressed while DM rates stay high and Dollar stays strong. Taiwan valuations are not discounting a cyclical earnings peak.</li>
</ul>


Asia's PE at 10% discount to long-term mean, driven by Korea, Taiwan's earnings boom. P/BV is at 10% premium. All market valuations barring Taiwan are near or below long-term means.
Considering current valuations relative to long-term averages, Korea seems destined for rerating. Onshore China seems near bottom. HK looks attractive but the ongoing DM yield spike could keep valuations depressed.
Indian valuations, marginally above long-term means, look attractive but could remain depressed while DM rates stay high and Dollar stays strong. Taiwan valuations are not discounting a cyclical earnings peak.


Asian Equities: Valuation Mean Reversion Done for Some Markets, Not for Others

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

<ul>
<li>This is our first inaugural issue of Korea Sector ETFs Weekly. There are two main purposes of this weekly insight. </li>
<li>This weekly report tracks share price performance for Korea’s 23 major sector ETFs. It helps investors identify market trends by revealing exactly which sectors are outperforming or underperforming.</li>
<li>Second, tracking sector ETF performance reveals early clues about specific catalysts driving higher stock prices for the companies within those ETFs.</li>
</ul>


This is our first inaugural issue of Korea Sector ETFs Weekly. There are two main purposes of this weekly insight. 
This weekly report tracks share price performance for Korea’s 23 major sector ETFs. It helps investors identify market trends by revealing exactly which sectors are outperforming or underperforming.
Second, tracking sector ETF performance reveals early clues about specific catalysts driving higher stock prices for the companies within those ETFs.


Korea Sector ETFs Weekly #1 [Week Ending 14 August 2026]

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

Roundhill Memory ETF / Technical Analysis

<ul>
<li>Our global intermediate-term outlook remains bullish on MSCI ACWI (in place since our 5/14/25 Compass). We also remain near-term bullish on MSCI ACWI since our 4/23/26 Int’l Compass.</li>
<li>2-Month base breakout on ACWI-US, MSCI EM(EEM-US) reversing its 1+month downtrend, and MSCI EAFE's(EFA-US) 5.5+ month base breakout reinforces our bullish outlook; these display bull flag patterns and remain healthy.</li>
<li>All signs are pointing to a resumption of prior uptrends, and we continue to recommend adding exposure to global Technology stocks (today buy list includes Samsung and SK Hynix).</li>
</ul>


Our global intermediate-term outlook remains bullish on MSCI ACWI (in place since our 5/14/25 Compass). We also remain near-term bullish on MSCI ACWI since our 4/23/26 Int’l Compass.
2-Month base breakout on ACWI-US, MSCI EM(EEM-US) reversing its 1+month downtrend, and MSCI EAFE's(EFA-US) 5.5+ month base breakout reinforces our bullish outlook; these display bull flag patterns and remain healthy.
All signs are pointing to a resumption of prior uptrends, and we continue to recommend adding exposure to global Technology stocks (today buy list includes Samsung and SK Hynix).


Buying Samsung and SK Hynix; MSCI EM (EEM-US) And Korea (EWY-US) Remain Buys

Equity/Index & Cross Asset Volatility Specialist, Cameron Design

Jay Cameron

Equity/Index & Cross Asset Volatility Specialist

Cameron Design

We specialize in financial products and volatility. Our strategies balance speed, data, and risk control to capture opportunities across global markets. Our research leverages AI and data analytics to continuously refine our algorithms and adapt to evolving market dynamics.

Equity Derivatives

<ul>
<li>After a large downswing over June and July, we examine Q2 earnings to see where SK Hynix is headed from here, noting the movement is recently amplified by leveraged trades.</li>
<li>A large cash influx attributed to the sale of shares in Kioxia added a significant amount to the company's cash, while debt ratios continue to be strong.</li>
<li>SK Hynix DEC26 Options are possible for US investors now, and we propose looking at out of the money options to get on the right side of the movement. </li>
</ul>


After a large downswing over June and July, we examine Q2 earnings to see where SK Hynix is headed from here, noting the movement is recently amplified by leveraged trades.
A large cash influx attributed to the sale of shares in Kioxia added a significant amount to the company's cash, while debt ratios continue to be strong.
SK Hynix DEC26 Options are possible for US investors now, and we propose looking at out of the money options to get on the right side of the movement. 


The KOSPI Semiconductor Leverage Loop: Navigating SK Hynix Volatility and DEC26 ADR Options

Derivatives and Quantitative Strategist

Gaudenz Schneider

<ul>
<li>
<a href="https://www.smartkarma.com/entities/sk-hynix-inc" target="_blank" data-smartkarma-citation="entities:16955:1" rel="noopener">SK Hynix (000660 KS)</a>’s sharp rebound lifted combined leveraged ETF AUM back to 72% above launch levels, reversing much of the recent decline.</li>
<li>Medium-Term returns continue to demonstrate the risks of daily rebalancing, reinforcing that leveraged and inverse ETFs are ultra-short-term trading instruments.</li>
<li>Today’s rally triggered renewed inflows, led by Samsung Asset Management’s KODEX product, even as tighter regulation clouds the segment’s growth outlook.</li>
</ul>



SK Hynix (000660 KS)’s sharp rebound lifted combined leveraged ETF AUM back to 72% above launch levels, reversing much of the recent decline.
Medium-Term returns continue to demonstrate the risks of daily rebalancing, reinforcing that leveraged and inverse ETFs are ultra-short-term trading instruments.
Today’s rally triggered renewed inflows, led by Samsung Asset Management’s KODEX product, even as tighter regulation clouds the segment’s growth outlook.


SK Hynix (000660 KS): 25% Rebound Revives Leveraged ETF AUM

South Korea

SK Hynix Inc. provides products and services for the electronic components industry. The Company manufactures semiconductors, such as dynamic random access memory (DRAM), NAND flash memory, and static random access memory (SRAM) chips.

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SK Hynix (000660 KS)

Asian Equities: Valuation Mean Reversion Done for Some Markets, Not for Others

All Asian market valuations barring TW are near or below long-term mean. KR and CN seem set to rerate. HK and India could remain depressed as long...

Manishi Raychaudhuri

Korea Sector ETFs Weekly #1 [Week Ending 14 August 2026]

This is our first inaugural issue of Korea Sector ETFs Weekly. There are two main purposes of this weekly insight. This weekly report tracks share...

Douglas Kim

Buying Samsung and SK Hynix; MSCI EM (EEM-US) And Korea (EWY-US) Remain Buys

Thursday pre-market report: Buying Samsung and SK Hynix $SKHY; MSCI EM $EEM and Korea $EWY $DRAM Remain Buys. Actionable Themes: Technology,...

Vermilion Research

The KOSPI Semiconductor Leverage Loop: Navigating SK Hynix Volatility and DEC26 ADR Options

SK Hynix set highs in June before dropping off after the IPO. This insight examines the volatility picture for the stock and ADR, and proposes out...

Jay Cameron

SK Hynix (000660 KS): 25% Rebound Revives Leveraged ETF AUM

SK hynix’s 25% rebound revives leveraged ETF AUM and inflows, but medium-term performance and tighter regulation keep risks firmly in focus.

Gaudenz Schneider

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