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The Economic Times
The Economic Times
Business
Debaroti Adhikary

Kospi crashes 44% in a month but Nomura sees 109% upside in South Korea's stock market. Here's why

Kospi Nomura South Korea Stock Market SK Hynix

South Korea's Kospi has seen a massive 44% crash from its June peak as the country’s stock market appeared to be the face of the global AI rout after a skyrocketing rally. While the AI bubble worries spook investors, Nomura has an ambitious target of 10,000-11,000 for Kospi, implying a whopping 109% upside from current levels.

Kospi crashed nearly 13% to 5,263 on Wednesday, marking a 44% plunge from its June peak of 9,386 to comfortably remain in technical bear market territory. Despite the recent crash, South Korea’s stock market continues to be Asia's best performer in 2026 so far.

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