Goldman’s Moe on the Slump in South Korea Stocks

Goldman Sachs strategist Timothy Moe expects South Korean stocks to bounce back after a sharp drop that triggered a circuit breaker. The comment points to a rebound in risk appetite for Korean equities rather than a fundamental change in earnings or policy. Market impact is likely limited to sentiment and near-term trading flows.

Analysis

Goldman Sachs strategist Timothy Moe expects South Korean stocks to bounce back after a sharp drop that triggered a circuit breaker. The comment points to a rebound in risk appetite for Korean equities rather than a fundamental change in earnings or policy. Market impact is likely limited to sentiment and near-term trading flows.