This tracker provides important data points released for the month of May / June 2020. For more information on the Macro data tracker please refer to our insight Indian Economy Tracker: June 2020. The data tracker is a joint initiative done along with insight provider Pranav Bhavsar.
The major indicators have seen a decent rebound bust from their lows during the peak lock down period. Major sectors are recovering, some more rapidly than others which will correlate to a better credit scenario.
However there is still a pressure on numerous macro aspects, often magnified with the uncertainty of the Covid-19 scenario.
Review of Top 10 Issues Related to Korean stock market, economy, & politics in July 2020:
End of the Ban of Korean Culture Products by China
COVID-19 Second Wave?
SK Biopharm overshooting
Celltrion Healthcare – Time to Turn Bearish
Big divergence in prices of Netmarble Corp vs NCsoft
Big jump in the number of share buybacks in Korea in 2020
Capital outflow from Korea to U.S. Tech Stocks
Minimum wages in 2021
MSCI Korea Rebalance
US Government Requests LG Uplus to Stop Using Huawei Products
Our model portfolio was up 10.2% on a net basis in July 2020 (cash was 70% of our model portfolio), outperforming KOSPI which was up 6.7% in the same period. We are taking out SK Biopharm and nCino from our model portfolio as of the end of July (take profits) and we are including BigCommerce and Younglimwon Soft Lab in our model portfolio in August.