The recent political turmoil in South Korea, including President Yoon Suk Yeol’s failed attempt to impose martial law and subsequent impeachment, is expected to have minimal long-term impact on the country’s stock market, according to fund manager Arjun Jayaraman. Despite the uncertainty, Jayaraman believes that South Korea presents investment opportunities due to undervaluation and potential for reform, particularly in corporate governance. The South Korean won’s depreciation against the U.S. dollar following the political events may benefit exporters like Kia, which is one of Causeway Capital Management’s significant holdings.
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The Biggest Takeaways From Axon Enterprise's Aug. 4 Earnings Report
On August 4, Axon Enterprise (NASDAQ: AXON) released its second-quarter financial report, leading to an 18% increase in its stock price, closing at approximately $745 per share. This rise contributes to a total year-to-date gain of 48% as of August 6. Want More Context? 🔎
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