The Korean stock market is poised to take an upturn next year, driven mainly by the U.S. Federal Reserve’s shift to a dovish monetary policy and widely anticipated multiple rate cuts, according to top analysts of securities firms.
Korean stocks will be on course for a gradual rebound in 2023 if the economy overcomes major risks posed by a recession and its subsequent shock to the real estate and fundraising markets, the research chiefs of major securities firms said Thursday in a year-end interview. The stock market here extended a losing streak in 2022, hit hardest by freezing investor sentiment amid the ultra-hawkish moves of the U.S. Federal Reserve.
Korean stocks will be on course for a gradual rebound in 2023 if the economy overcomes major risks posed by a recession and its subsequent shock to the real estate and fundraising markets, the research chiefs of major securities firms said Thursday in a year-end interview. The stock market here extended a losing streak in 2022, hit hardest by freezing investor sentiment amid the ultra-hawkish moves of the U.S. Federal Reserve.