South Korea's KOSPI closed up 3.6% at 6,747.95 on Tuesday, after a
liquidation-driven selloff that erased 10.5% over the prior two sessions began
to ease. The index was up as much as 4.9% intraday but remains in bear-market
territory, about 25% below its June 22 record close. Regulators have moved to
curb leveraged financing products, refocusing attention on fundamentals:
continued AI-driven demand and a still-firm earnings outlook for memory-chip
makers. JP Morgan maintained an overweight on Korea in regional allocations with
a 12-month target of 12,500, saying the market should be able to stand the
shock from position liquidations and resume positive momentum.
