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The 60-day correlation between South Korea's Kospi and the Nasdaq 100 recently climbed to about 0.50, its highest level since 2021, according to data provided by Rayliant.
The figure reflects a tightening between Wall Street's technology-heavy benchmark and Seoul's broad equity index. The Rayliant figures Correlation runs from negative one to positive one.
At negative one, two assets move in exact opposition; at positive one, they move in lockstep.
At approximately 0.50, the Kospi and Nasdaq 100 sit in moderate positive territory on a 60-day look-back, meaning the two indexes have tended to move in the same direction over that period, the data shows.
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