π EM's 2026 rally hides two very different trades under one index
The week in view
π EM's 2026 rally hides two very different trades under one index
South Korea's Kospi has nearly doubled in 2026 on an SK Hynix and Samsung AI chip rally, while Indonesia's central bank has hiked rates 100 basis points since May to defend the rupiah. Two unrelated stories, one "Emerging Markets" index number.