KOSPI Falls to Lowest Valuation Since 2008 Financial Crisis, July 16

According to Eugene Investment Securities analyst Lee Jun-young, KOSPI adjusted on July 16 to its lowest 12-month forward price-to-earnings (PER) ratio since the 2008 financial crisis. Lee recommended a barbell strategy, targeting rebound plays in heavily-sold sectors—IT Hardware, Semiconductors, and Machinery, which have fallen 32.4%, 24.7%, and 20.4% respectively from recent highs—while defending positions in resilient sectors such as banking and consumer staples that held up during the downturn.
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