South Korea Stocks: Cheapest Major Market Since 2006
The KOSPI is down 35%+ from its June peak and now trades at ~4x forward earnings, the cheapest of major markets since 2006, with Goldman's target still implying 60% upside.
What we know
An account on X highlights South Korea's dramatic fall from the world's hottest market. Goldman Sachs cut its KOSPI target to 9,000 from 12,000 but even that implies 60% upside from current levels. Relevant tickers: $EWY, $SKHY, $DRAM.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.