KOSPI Forward Valuation Falls Below 7.0x for First Time Since 2008 Crisis After Two-Week Decline

According to Kiwoom Securities analyst Han Ji-young, South Korea's KOSPI index has seen its forward price-to-earnings ratio fall below 7.0x for the first time since the 2008 financial crisis, following a two-week market correction. Samsung Electronics and SK Hynix, both key semiconductor stocks, have declined 8.8% and 9.3% respectively over the past week amid concerns about artificial intelligence demand and peak memory cycle fears. SK Hynix is scheduled to list its American Depositary Receipts (ADRs) on July 10 on U.S. markets, with new share issuance accounting for approximately 2.5% of total outstanding shares.
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