Asia Weekly

Asian Consumers

Benefit for blue chips

South Korean blue chips will be "the biggest beneficiaries" of the country's upgrade to developed market status on the FTSE global index, say the JoongAng Daily's Moon Gwang-lip and Seo Ji-eun. But investors should also remember to diversify their risk before they plunge into the current global bear market.  In the coming months, look for "big companies that are ranked in the top 20 in terms of market cap on the benchmark Kospi" index, Moon advises. But investors should also remember to shield themselves from risk before jumping on tempting opportunities in the global bear market. One Dubai-based economist told Seo that while risk diversification sounds like a "conventional" rule, it is more "significant" than ever now. Many investors are too dependent on computer models when evaluating the merit of an investment, but "risk management is a combination of judgment and quantitative definition." This, unfortunately, is something that individuals often lose sight of, only to later "find themselves in trouble." There are plenty of options, however, for Korean investors who are "wary" of financial market volatility, counters Moon. Now that "the price of gold is surging," for example, nervous punters should consider one of Korea's gold-banking products, such as a Gold Riche account at Shinhan Bank. These alternatives are becoming increasingly popular because gold is "a safe haven in troubled times" and the "current commodity of choice."

 

 

 

 

 

 

 

 

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