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

South Korea's Kospi index dropped 44% from its June peak amid global AI growth worries and foreign fund outflows. Despite the sharp pullback into bear market territory, Nomura projects up to 109% upside, setting a 10,000-11,000 target driven by corporate share buybacks, strong AI earnings, and governance reforms.

Raccontata daeconomictimes.indiatimes.com