Has KOSPI Hit Bottom? Wall Street Says 'Buy Now' - Seoul Economic Daily
• Wall Street institutions, including Morgan Stanley and JP Morgan, have signaled a market bottom for the KOSPI as the index dropped to the 6,000 range, urging investors to buy. • The financial landscape remains volatile, with the Japanese yen hitting a 40-year low and IBK halting variable-rate mortgages amid a broader lending shutdown. • The South Korean government is intervening to restructure the Daesan and Yeosu industrial complexes to stabilize financial structures and extend debt maturities.
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