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Nomura: The approaching US election may bring about volatility to Asian stocks. It is recommended to adopt a defensive stance.
According to statistics from Daiwa, the daily volatility of the stock markets in India, Mexico, and South Africa increases by 3 to 6 times around election days, and it is believed that the US presidential election will also bring similar volatility to the asian stock markets.
Announcement iShares Annual Financial Report 30 June 2024
South korea government plans to expand fiscal spending to support the development of semiconductors and the K-Pop industry.
South Korean authorities are seeking to increase government spending next year to support the economy, and have promised increased financial support for other growing industries such as semiconductors and entertainment, including Korean pop music (K-Pop).