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Nomura says South Korea's KOSPI is oversold after an 18% fall since August

NewsFeeds update

Nomura analysts led by Cindy Park say South Korea's KOSPI looks oversold, having fallen 18% since August to around 5,400 points. They set a three-month target of 7,500-8,000 and kept a long-term target of 10,000.

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The story so far: KOSPI decline led by chipmakers

An AI-led selloff after Democratic US midterm wins hit Asian chip stocks and pushed the KOSPI down over 5%. South Korea's finance minister called an emergency market meeting and exempted broker margin guarantees for three months; the waiver of the 140% margin loan collateral rule now runs three months from 9 November.

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  1. Nomura says South Korea's KOSPI is oversold after an 18% fall since August

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