Warakirri flags leveraged ETF-fueled AI froth as correction risk for Korea, Taiwan semiconductors rises

• Warakirri flagged higher global policy volatility as a key driver of rising EM equity risk via a higher cost of capital.
• US 10-year government bond yield rose to 4.5% in June 2026 from 3.6% in 2024, tightening EM financial conditions.
• Strategy tilted toward cash-generative EM market leaders; 80% of holdings ranked No. 1 by market share as of June 30.
• Geopolitics-driven capex cycle seen lifting EM commodities and renewables demand, supporting EM exports, growth, currencies.
• Warned of AI-linked froth in South Korea and Taiwan via leveraged single-stock ETFs; kept semiconductor exposure at ~20% vs 40% index.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Warakirri Asset Management Ltd. published the original content used to generate this news brief on July 29, 2026, and is solely responsible for the information contained therein.