The bank pointed to record foreign inflows, rising pension demand and tighter retail trading rules as factors reshaping investor behavior in South Korea’s stock market.
Citi maintained its 10,000 target for the Kospi, arguing that South Korea’s equity market is undergoing a character shift. The bank said record foreign inflows, rising pension demand and tighter retail trading rules are changing trading behavior, with investors increasingly acting as dip-buyers rather than dip-sellers. The call suggests Citi sees the change in market structure as supportive for equities rather than a short-lived trading move.