Citi Says Buy-the-Dip Strategy Is Spreading in Kospi, Keeps 10,000 Target
Summary
- Walter Bloomberg reported that Citigroup said investors are shifting to a buy the dip strategy when the Kospi falls, citing stronger foreign fund inflows, improved buying by pension funds and tighter trading rules for retail investors.
- Walter Bloomberg reported that Citigroup kept its Kospi target at 10,000 in a report.
- Citigroup said solid fundamentals in the memory-chip industry, attractive valuations and the potential for government policy support should continue to support the market.
Forecast Trend Report by Period
Citigroup said investors are shifting toward a buy-the-dip strategy in the Kospi, citing increased foreign inflows, stronger buying by pension funds and tighter trading rules for retail investors.
Walter Bloomberg reported on July 31 that Citi maintained its Kospi target of 10,000 in a report. The bank said solid fundamentals in the memory-chip industry, attractive valuations and the possibility of government policy support should continue to underpin the market.
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