Shinhan chief says financial market benchmarks changed after many years1}}
Shinhan Bank’s Oh Keon-young said 13the benchmark for the financial market on the 1day had flipped over the span of many years. He said this is a “new normal” phase in which the won-dollar exchange rate, indices, and investor sentiment can no longer be explained by past standards.
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Oh Keon-young, head of Shinhan Bank’s Premier Pathfinder team, said 13the overall benchmark for the financial market on the 1day had changed after many years. He said investment criteria need to be reset.
Oh cited specific examples. 1Years ago, the won-dollar exchange rate was seen as high in the 1,300range, but now even the 1,400range is said to look low.
He also said the KOSPI index has changed. 1Years ago, talk of KOSPI 5,000did not seem realistic, but now even at the KOSPI 7,000range, it is being described as a bear market.
He said indicators such as interest rates, exchange rates and oil prices have entered a new phase that cannot be explained by past standards. He added that market participants call this situation the “new normal.”
He said the AI investment frenzy is sweeping through the market, while the phase of interest rate hikes and the entrenchment of high exchange rates are progressing at the same time.
Director Oh directly advised investors to “beware of concentration,” and repeatedly said to “keep the center of your portfolio in a long-term perspective.”
Overall, he described the entire financial market as undergoing “enormous changes.”
Sources: 파이낸셜뉴스 증권
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