JPMorgan Maintains South Korea Overweight While Citigroup Downgrades to Neutral on July 22

On July 22, global investment banks offered divergent outlooks on South Korea's recent stock market decline. JPMorgan maintained its overweight stance, noting that leverage unwinding has progressed substantially and the selloff reflects forced deleveraging rather than deteriorating corporate fundamentals. Citigroup downgraded to neutral, citing valuation pressures and heightened volatility as key concerns.
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