Analyst Pin-board: Correlation between VNindex index and Kospi and SHCOMP index declined sharply but remain positive
Vietnam clearly has a strong relationship with Korea and China in terms of trade and investment. We also noticed a positive 60 days correlation between VN Index and Kospi (70% in the beginning of this year to 35% more recently) and SHCOMP Index (peaked at 55% in the beginning of 2019 then declined to 34%). The decline in correlations coincide with the Trump tarrif tweets. The 60-days correlations between the VN Index and SET and MSCI Frontier Market Index were just 7% and 17% respectively.
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