Korean Stock Market Volatility Eases as Leverage Unwinding Progresses

1. 1The worst phase of turmoil in the Korean stock market may be over, driven by forced liquidations and tighter regulation of high-risk products.
2. 2The volatility index fell to a two-month low last week after hitting 96.9 in June, and Morgan Stanley estimated that more than half of the deleveraging has been completed.
3. 3Investors are weighing continued volatility against attractive valuations and strong earnings outlooks from semiconductor companies, and Goldman Sachs maintained its 12-month KOSPI target of 12,000.

Source Bloomberg +1 · View original ↗

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