今年全球最佳，AI交易领先指标！韩股波动性开始飙升

Group 1 - The South Korean stock market has experienced its largest annual increase in over 20 years, driven primarily by technology stocks, raising concerns about the sustainability of this rally [1][2] - The Kospi 200 volatility index (VKOSPI) has surged to its highest level since market turmoil in April, indicating increasing investor anxiety as the Kospi index reaches historical highs [1][5] - There is a notable divergence between the rising volatility in the Korean market and the relative calm in global markets, with the spread between VKOSPI and the Chicago Board Options Exchange Volatility Index (VIX) reaching its widest level since 2004 [1][2] Group 2 - The Kospi composite index has soared by 71% this year, while the blue-chip Kospi 200 index has risen by 83%, marking the largest annual gains since 1999 [2] - The strong performance is largely attributed to semiconductor stocks, particularly Samsung Electronics and SK Hynix, which are central to the AI and global tech supply chain [2][6] - The pricing in the options market suggests underlying unease, with analysts noting that the VKOSPI reflects investor anxiety despite the rising stock index [5][6] Group 3 - Investors are preparing for potential significant volatility in both directions, as the prices of both call and put options are increasing [7] - The implied volatility of one-month call options betting on a 10% rise in the Kospi 200 index has risen above the one-year average, indicating a heightened sense of caution among traders [7]