Goldman’s Moe Sees South Korean Stocks Rebounding After Circuit Breaker Drop
Updated
Updated · Bloomberg · Jun 8
Goldman’s Moe Sees South Korean Stocks Rebounding After Circuit Breaker Drop
1 articles · Updated · Bloomberg · Jun 8
Summary
Timothy Moe said South Korean equities should recover after a selloff severe enough to trigger a circuit breaker, calling the move a "scary" but temporary correction.
Goldman Sachs’ Asia-Pacific equity strategist said the decline looks technical rather than fundamental, arguing the market remains in a longer-term bull phase.
Strong underlying fundamentals are the basis for that rebound call, Moe said in a Bloomberg TV interview, framing the recent slump as a setback rather than a trend break.