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2026-11-01 08:24:24
[South Korean Stock Market Outlook for Next Week: Brokers Recommend Buying in Batches Below 6000 Points on the KOSPI Affected by US Midterm Election and Economic Data] (1) In the coming week (November 2-6), the South Korean stock market is expected to be affected by the US midterm elections and the release of several core economic indicators. Brokerage firms recommend a buy-in strategy below 6000 points on the Korea Composite Stock Price Index (KOSPI), stating that the South Korean stock market is currently undervalued. (2) Na Jeong-hwan, a researcher at NH Investment & Securities, said that the KOSPI has rebounded from the initial 5000-point level; during the rebound, attention should be paid to stocks with increased volume, and stocks with continuous capital inflows are likely to lead this round of rebound and become the leading sector. Brokerage analysis points out that the KOSPI's expected price-to-earnings ratio (PER) is only 4 times, which has entered an extremely undervalued range; however, institutions suggest that for the market to continue to rise, the prerequisite is that the market has confidence in the profit growth in 2027 and 2028, and foreign capital continues to make net purchases. (3) Lee Jae-won, a researcher at Yuanta Securities in South Korea, said that below 6,000 points on the KOSPI, investors can rely on the return on equity and price-to-book ratio (PBR) to gradually increase their positions at appropriate prices; at the same time, they should continue to hold semiconductor stocks and invest in materials, components, equipment (MP&E) and energy storage systems (ESS) to seek excess returns.
