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G Sachs: Korean Stocks Fairly Valued, Seen Rebounding and Hitting New Highs After Current Turbulence
South Korea's KOSPI index once plunged as much as 8.8% today (8th), triggering a circuit breaker mechanism. However, Timothy Moe, Chief Asia Pacific Equity Strategist at G Sachs, s...
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G Sachs: Korean Stocks Fairly Valued, Seen Rebounding and Hitting New Highs After Current Turbulence
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South Korea's KOSPI index once plunged as much as 8.8% today (8th), triggering a circuit breaker mechanism. However, Timothy Moe, Chief Asia Pacific Equity Strategist at G Sachs, said the South Korean stock market is poised for a rebound, with fundamentals remaining very strong. In the long run, this should be a technical correction.

He noted that speculative activities by South Korean retail investors had increased previously, but leveraged ETF investors are now seen exiting the market.

Related NewsCLSA: SK Hynix HBM4 Supply and Mid-term Pricing Visibility Improve; Seen Continuing Re-rating
Heavyweight stocks Samsung Electronics and SK Hynix once fell below KRW300,000 and KRW2 million respectively this morning, but have since significantly pared their losses. Samsung Electronics was last at KRW312,750, down 5.17%, while SK Hynix fell 2.22% to KRW2.024 million. Moe said that after this bout of market volatility, the stock market will regain its footing and reach new highs again, as current valuations are very reasonable and potential earnings are expected to continue driving gains.

In Hong Kong, XL2CSOPSMSN (07747.HK)  +18.600 (+12.619%)    Short selling $2.13B; Ratio 40.213%   was last at HKD163.3, down 12.16%; XL2CSOPHYNIX (07709.HK)  +0.550 (+0.519%)    Short selling $4.47B; Ratio 30.532%   was last at HKD103.3, down 3.37%, with turnover of about 96.7842 million shares, involving HKD9.565 billion.(mn/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-12 16:25.)

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