Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

Cross Asset Strategy

<ul>
<li>On 9 January, FSC announced that it will allow Korean securities account opening for IBKR and three other foreign firms including Emperor Securities, TFI, and BancTrust.</li>
<li>FSC announced that overseas traders will be able to access the Korean won on a 24 hours real-time exchange rates basis from July 2026.</li>
<li>KOSPI is up 82% in the past one year and the likelihood of Korea becoming Developed Market status is a key factor driving higher share prices of Korean stocks. </li>
</ul>


On 9 January, FSC announced that it will allow Korean securities account opening for IBKR and three other foreign firms including Emperor Securities, TFI, and BancTrust.
FSC announced that overseas traders will be able to access the Korean won on a 24 hours real-time exchange rates basis from July 2026.
KOSPI is up 82% in the past one year and the likelihood of Korea becoming Developed Market status is a key factor driving higher share prices of Korean stocks. 


FSC Allows Korean Securities Trading Account Opening For IBKR and 3 Other Foreign Firms

Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

<ul>
<li>The retail day-trading crowd is losing interest in the stock market, which has been in an extended 5-month losing streak.  The buy-the-dip mentality is waning.</li>
<li>The housing market is entering another slowdown, with prices stagnant for 5 years, mortgage rates surging, and construction costs rising further due to the war in Iran.</li>
<li>The war is straining American households' financial buffers built on rising home prices and post-COVID stock market gains.  Retail investor sentiment has turned largely negative during this market downturn.</li>
</ul>


The retail day-trading crowd is losing interest in the stock market, which has been in an extended 5-month losing streak.  The buy-the-dip mentality is waning.
The housing market is entering another slowdown, with prices stagnant for 5 years, mortgage rates surging, and construction costs rising further due to the war in Iran.
The war is straining American households' financial buffers built on rising home prices and post-COVID stock market gains.  Retail investor sentiment has turned largely negative during this market downturn.


CHARTING COURSE: Robinhood Steals from the Poor, and Housing Provides No Shelter (3/31/26)

<ul>
<li>On 27 November, the Korean Financial Services Commission (FSC) finally announced that it has completely abolished the restrictions on the foreigners opening integrated accounts to trade Korean stocks.</li>
<li>This amendment will start to take effect on 2 January 2026.</li>
<li>What this means is that major global trading platforms such as IBKR will most likely be allowed to trade Korean stocks without any major restrictions sometime starting 1H 2026. </li>
</ul>


On 27 November, the Korean Financial Services Commission (FSC) finally announced that it has completely abolished the restrictions on the foreigners opening integrated accounts to trade Korean stocks.
This amendment will start to take effect on 2 January 2026.
What this means is that major global trading platforms such as IBKR will most likely be allowed to trade Korean stocks without any major restrictions sometime starting 1H 2026. 


Foreigners Integrated Accounts Starting in January 2026: Impact on IBKR & Foreign Trading Platforms

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

iShares MSCI China ETF / Technical Analysis

<ul>
<li>We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass).</li>
<li>Short-Term supports on the SPX include the 20-day MA (currently 6233), 6200, 6100-6150, and 6028-6059, with additional supports at 5804-5854 and 5700-5785. Buy pullbacks to these areas.</li>
<li>SPX has not closed below its 20-day MA for two months, but even when it does, all we would expect to happen is for a new, less-steep uptrend to form.</li>
</ul>


We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass).
Short-Term supports on the SPX include the 20-day MA (currently 6233), 6200, 6100-6150, and 6028-6059, with additional supports at 5804-5854 and 5700-5785. Buy pullbacks to these areas.
SPX has not closed below its 20-day MA for two months, but even when it does, all we would expect to happen is for a new, less-steep uptrend to form.


More Breakouts and Risk-On Developments; Monitoring Rotations: Miners, Retail, Lithium, China

<ul>
<li>In this insight, we discuss Korean government's new task force for Korea to be included in a major global index. </li>
<li>Prior to this major market moving event, there will be some important signals. </li>
<li>One of the most important signals could be major global securities companies (such as IBKR/TD Ameritrade) allowing trading of Korean stocks to customers world-wide. </li>
</ul>


In this insight, we discuss Korean government's new task force for Korea to be included in a major global index. 
Prior to this major market moving event, there will be some important signals. 
One of the most important signals could be major global securities companies (such as IBKR/TD Ameritrade) allowing trading of Korean stocks to customers world-wide. 


Korean Government's New Task Force for Inclusion in a Major Global Index + IBKR Korea Trading Signal

United States

Interactive Brokers Group, Inc. is an automated global electronic market maker and broker specializing in routing orders and executing and processing trades in securities, futures, and foreign exchange instruments.

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Interactive Brokers Group, Inc (IBKR US)

FSC Allows Korean Securities Trading Account Opening For IBKR and 3 Other Foreign Firms

IBKR started to allow trading of Korean stocks starting last week, although IBKR has yet to issue a formal press release. I don't know how many...

Douglas Kim

CHARTING COURSE: Robinhood Steals from the Poor, and Housing Provides No Shelter (3/31/26)

The retail day-trading crowd is losing interest in the stock market amid an extended 5-month losing streak. The buy-the-dip mentality is waning.

David Mudd

Foreigners Integrated Accounts Starting in January 2026: Impact on IBKR & Foreign Trading Platforms

FSC abolished restrictions on foreigners opening integrated accounts to trade Korean stocks, effective January 2, 2026. IBKR/others are expected to...

Douglas Kim

More Breakouts and Risk-On Developments; Monitoring Rotations: Miners, Retail, Lithium, China

More Breakouts and Risk-On Developments; Still Bullish $SPX $QQQ $IWM. Monitoring Rotations: Utilities $XLU, Real Estate $XLRE, Miners $XME $GDX,...

Vermilion Research

Korean Government's New Task Force for Inclusion in a Major Global Index + IBKR Korea Trading Signal

In this insight, we discuss Korean government's new task force for Korea to be included in a major global index. Prior to this major market moving...

Douglas Kim

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