Nomura Sees Kospi Slump as Excessive, Keeps Long-Term Target at 10000
Nomura analysts say the Kospi's 18% slide since August looks overdone, setting a three-month range of 7500-8000 and a 10000 long-term target.
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what happened
Analysts at Nomura, led by Cindy Park, argue that the sell-off in South Korea's Kospi has gone too far. According to Market Talk, Korean shares have dropped more sharply than global peers as higher interest rates, expensive oil and other risks press on equities worldwide. The index has shed 18% since August and now sits near 5400 points.
In a research note, the bank set a three-month target range of 7500 to 8000 points for the Kospi, citing macroeconomic and artificial-intelligence-related risks. Its longer-term level stays at 10000 points.
The analysts also see possible support from AI spending, a growing pace of corporate share buybacks and reform measures meant to lift company valuations.
why it matters
The gap between Nomura's view and the recent slump matters for foreign investors weighing exposure to Korean equities. The path of interest rates and oil prices will shape how far the rebound argument can go, so traders are likely to watch those signals closely. The forecasts themselves remain the analysts' opinion.
market impact
Korean equities: analysts call the sell-off overdone, which can ease pressure on Kospi sentiment
instruments
on polymarket
sources
- South Korea's Kospi Selloff Appears Overdone — Market Talk, 6 November 2026 at 05:21 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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