It was the world's hottest stock market. Now South Korea's stock-market index has entered bear-market territory

The Korean market’s upside momentum has faded since its June record high as a mix of competition concerns, sustainability/ESG narratives, high leverage, and international outflows weighed on performance. The article frames the current setup as more of a positioning/sentiment headwind than an isolated company-specific event.

Analysis

The Korean market’s upside momentum has faded since its June record high as a mix of competition concerns, sustainability/ESG narratives, high leverage, and international outflows weighed on performance. The article frames the current setup as more of a positioning/sentiment headwind than an isolated company-specific event.