Amundi Evaluates Korean Stock Market as Undervalued... Expects Boost from AI and Semiconductors
Amundi, Europe's largest asset manager, has identified the Korean stock market as one of the most noteworthy among major emerging markets. The firm believes that stock prices are relatively low compared to the pace of corporate earnings improvement, and investment attractiveness has increased due to the combination of semiconductor demand driven by AI proliferation and ongoing corporate governance reforms. According to financial investment industry sources on the 29th, Amundi's recent emerging market equity outlook report diagnosed the Korean market as undervalued compared to other emerging markets and even some developed markets. Based on market consensus, the expected earnings per share growth for Korean companies by 2026 is projected to reach 91%, the highest among emerging markets.
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