JPMorgan Maintains KOSPI 12-Month Target at 12,500; Leveraged ETF Sees 75% Deleveraging

According to JPMorgan on July 22, the global investment bank maintained its 12-month target for South Korea's KOSPI index at 12,500 points. The bank cited recent deleveraging, with leveraged ETFs clearing approximately 75% of excess positions amid declining valuations, alongside signs of easing foreign investor sell-offs.
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