South Korean Brokerages Cut Stock Targets as KOSPI Slips Below 7000 on July 18

According to financial data, on July 18, South Korean securities firms' downward stock price target revisions surpassed upward revisions for the first time this month, marking a sharp reversal from earlier in the year when bullish reports outnumbered bearish ones by nearly 10-fold. The shift comes as the KOSPI index has fallen below the 7000-point level amid increased market volatility, prompting brokerages to adopt a more cautious stance on valuations.
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