114800.KS KODEX Biotechnology ETF Loading... : Bullish and Bearish Analyst Opinions
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02:38
Jul 08
Jul 08
Korean biotech ETF to converge with XBI.
A striking divergence has opened: the US XBI biotech ETF is hitting new highs (+32% YTD) while the Korean KODEX Biotech ETF is down -30%. Historically the two have very tight correlation with only a time lag. With the macro environment not hostile to growth stocks (Powell likely holding rates until September, no immediate inflation or employment fears), there is a strong case for Korean biotech to converge upward toward its US counterpart.
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About 114800.KS Analyst Coverage
Buzzberg tracks 114800.KS (KODEX Biotechnology ETF) across 1 sources. 1 bullish vs 0 bearish calls from 1 analysts. Sentiment: predominantly bullish (100%). 1 total trade ideas tracked. Past 7 days: 1 bullish. Latest voices: Park Ji-hoon.