StableStock has recently officially opened for trading in Korean stocks, and now allows direct trading of over 300 Korean stocks and ETFs using USDT/USDC, including Samsung Electronics, SK Hynix, Hyundai Motor, and Hanwha Aerospace. But I think what's really worth talking about is not '300 more stocks to buy'. But the spot leg of South Korean stocks has finally been patched up. ———————— I am most concerned about the three gameplay modes myself. First, Pair Trading。 This is what I think is the most valuable. for example Long SK Hynix/Short Micron Competitive landscape of HBM trading; Long Samsung/Short SK Hynix Chasing Samsung HBM and repairing its valuation. Previously, when researching storage, we could only make choices around US stocks such as MAMericaNDK and WDC. Now Samsung, Hynix, and Micron can truly be integrated into the same Relative Value framework. Compared to simply judging whether semiconductors are rising or falling, this type of trading is closer to what I want: Don't bet on the beta of the entire industry, trade the alpha between companies directly. Secondly, the "light dark trade" between oil prices and KRW. South Korea is actually very suitable for macro level second-order trading. It is a manufacturing and exporting powerhouse on one hand, and highly dependent on energy imports on the other. So with the rise in oil prices, oil is openly traded, but the hidden line can actually continue to trade the profit and loss statements of Korean companies. After significant fluctuations in oil prices, US dollars, and KRW, cost sensitive industries such as aviation and chemical, as well as export industries such as semiconductors, automobiles, shipbuilding, and military industries, are completely different in their impact. So, compared to simply trading oil, what interests me more is: After a macro variable changes, profits will flow from which companies to which companies. Many Alphas are actually in the second layer. Thirdly, the lead lag from US stocks to South Korean stocks. This is also very suitable for the Asian trading session. For example, in the evening when NVIDIA and Micron's financial reports are released, and there are new changes in AI Capex, HBM demand, or Memory ASP, the US market will first complete the first round of Price Discovery. It won't open in Korea until a few hours later. At this point, the focus is not on: NVDA has risen, so SK Hynix will also rise. ” but: What new information did the US stock market trade last night? Will this information change the profit expectations of SK Hynix or Samsung? And most importantly: Is there a price in the Korean market? So I think the biggest significance of StableStock's opening of Korean stocks this time is not that there are more Samsung and SK Hynix to buy. But with the addition of South Korean stocks, many cross market relationships that were previously only observable can now be directly used to construct trades. Pair Trading、 Second order trading of oil price/KRW, US stock → Korean stock lead lag. These three are the places where I think Korean stocks are really fun. @ZixiStablestock @StableStock