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KOSPI Tops 7,800 as ‘Shamanism Investing’ Draws Investors Seeking Signs

Published: · Source: mk.co.kr

KOSPI Tops 7,800 as ‘Shamanism Investing’ Draws Investors Seeking Signs
TL;DR: As the KOSPI rises past 7,800 and approaches 8,000, some investors are turning to fortune tellers and tarot cafes for guidance on investment direction.
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As the KOSPI has climbed above the 7,800 mark and investors look toward a possible move to 8,000, some market participants are seeking advice from fortune tellers or tarot cafes to decide their investment direction, a trend described as ‘shamanism investing.’ The original report also notes a market mood in which people shout “Samsung Electronics, let’s go” instead of “yahoo” in the mountains, highlighting how strong stock-market enthusiasm has reached everyday scenes. The trend suggests that, amid a rising market, individual investors’ expectations and anxieties are appearing together. The source presents this as a market-side phenomenon and does not provide specific investment results or forecasts. Source: mk.co.kr.

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