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
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