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Bloomberg: South Korea’s stock market becomes the first trillion-5 scale market with a P/E ratio below USD times

BlockBeats reports,October 23, according to Bloomberg data, South Korea’s KOSPI index’s forward 12-month forward P/E ratio has fallen to 4.2 times, making it, since Bloomberg began recording data in 2006, the first trillion-5 scale market whose forward P/E ratio fell below USD times.

Although South Korean exports are moving toward 1000000000000 USD,SK SK Hynix and Samsung Electronics continue to see strong chip demand, but the AI rally’s cooling and the sell-off in technology stocks have weighed on investor sentiment, making investors unwilling to pay higher valuations for corporate earnings.

Bloomberg commented that the extreme valuation discount in South Korea’s stock market could create a potential rebound opportunity, but uncertainty remains over when a valuation recovery will arrive and whether the market will fall further.

Original link https://m.theblockbeats.info/flash/373411