Goldman Remains Bullish on Emerging-Market Stocks; Favors South Korea

The video discusses the performance and outlook of emerging markets (EM) equities, focusing on LATAM, Mexico, Brazil, and Korea. Key factors include China's reopening, US economic conditions, and the US dollar's trajectory. Mexico is highlighted for its leverage to a US soft landing, while Brazil faces challenges due to central bank independence concerns. The potential for EM equities to transition from a beta to an alpha trade is explored, with China and Korea identified as key players. Korea's market is seen as undervalued, with opportunities in the semiconductor sector.

What is the significance of the U.S. dollar's trajectory on emerging markets?

Why is South Korea considered a favorable market despite challenges in the semiconductor sector?