After a sharp sell-off in technology stocks, the South Korean stock market changed from the strongest performing major market this year to the world's lowest-valued market, and the valuation fell to about half of Indonesia's. The 12-month dynamic price-earnings ratio of the Korea Composite Stock Price Index fell to about 4 times. Among the 18 markets with a market capitalization of over 1 trillion US dollars at the beginning of this year, there has never been such a low valuation since 2006. The recent round of decline may bring buying opportunities: the Korea Composite Index fell by about 40% from its June high, while the expected profit for the same 12-month period increased 22%.
Zhitongcaijing · 1d ago
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After a sharp sell-off in technology stocks, the South Korean stock market changed from the strongest performing major market this year to the world's lowest-valued market, and the valuation fell to about half of Indonesia's. The 12-month dynamic price-earnings ratio of the Korea Composite Stock Price Index fell to about 4 times. Among the 18 markets with a market capitalization of over 1 trillion US dollars at the beginning of this year, there has never been such a low valuation since 2006. The recent round of decline may bring buying opportunities: the Korea Composite Index fell by about 40% from its June high, while the expected profit for the same 12-month period increased 22%.
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