Korea’s KOSPI valuation falls to half Indonesia’s amid tech sell-off
Briefing by News4U · First published
Sina Finance reports the KOSPI’s 12-month forward P/E has dropped to about 4 times, the lowest since 2006 for markets above $1 trillion market cap.
Sina Finance reports that heavy selling in technology stocks has driven the KOSPI’s 12-month forward price-to-earnings ratio to about 4 times, the lowest level since 2006 for any market whose capitalization exceeded $1 trillion at the start of the year. [1]
The outlet notes that the Jakarta Composite Index trades at an 8-times multiple and that MSCI has warned it may downgrade Indonesia’s market classification in two steps. [1]
Despite robust chip demand and an expected $1 trillion export total this year, investors remain cautious over AI spending, memory-chip cycles and high interest rates, Sina Finance adds. [1]
Sources
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Sina Finance · · Full text