Bank of America believes that after AI-related stocks were sold off, there was an opportunity to buy the won. Claudio Piron, head of Asian foreign exchange and interest rate strategy at the bank's Global Research Department, said that while the Korean won recently weakened along with AI-related stocks, South Korea's sizable current account surplus provided “considerable” support for investors to establish long positions. “This factor will come into play,” he said. “From a marginal point of view, I think these current prices provide an opportunity for investors to establish long positions in the Korean won and Taiwan dollars.”
Zhitongcaijing · 1d ago
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Bank of America believes that after AI-related stocks were sold off, there was an opportunity to buy the won. Claudio Piron, head of Asian foreign exchange and interest rate strategy at the bank's Global Research Department, said that while the Korean won recently weakened along with AI-related stocks, South Korea's sizable current account surplus provided “considerable” support for investors to establish long positions. “This factor will come into play,” he said. “From a marginal point of view, I think these current prices provide an opportunity for investors to establish long positions in the Korean won and Taiwan dollars.”
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