Cointime reports: Nomura Securities analysts led by Cindy Park said in a Nov. 6 research note that South Korea’s KOSPI index appears oversold after falling 18% since August to around 5,400, outpacing declines in other major markets amid rising interest rates and high oil prices. Nomura set a three-month KOSPI target range of 7,500-8,000, citing macroeconomic and AI-related risks, while keeping its long-term target at 10,000.
Nomura Says Korean Stock Selloff Looks Overdone
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
10m ago
Ruifang Fund to Buy RMB 500M of Its Own Products, Setting Private Fund Record
17m ago
Commerzbank: Uncertain BOE Rate Path Caps Sterling Gains
24m ago
Invesco’s Levitt: AI Buildout Entering Necessary Correction, Not a Bursting Bubble
32m ago
BofA Sees Buy Opportunity in KRW, TWD After AI Selloff
35m ago
Former BOJ Chief Economist Sees December Rate Hike, 2% Terminal Rate
48m ago
Asian Chip Stocks Selloff Wipes $18B From AI Tycoons’ Wealth