KOSPI’s ~20% Drawdown vs. 6x Forward P/E: Why Technical Unwinding Creates an Asymmetric Buying Opportunity
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[Key Insights at a Glance] Fundamental-Price Divergence: Since its June 19 record high of 9,385.59, the KOSPI has fallen roughly 20%, while 12-month forward EPS has risen roughly 8%, compressing the market’s forward P/E from 8.5x to the mid-6x…