SC’s Brice Flags Volatility Risk for Korean Tech Stocks
Standard Chartered CIO Steve Brice warns that high Kospi valuations pose a correction risk for Korean tech stocks, but maintains a positive long-term view and would buy dips.
Standard Chartered Chief Investment Officer Steve Brice has flagged elevated valuations in South Korea's Kospi index as a potential trigger for a correction in the country's technology stocks, while reaffirming a bullish long-term stance on the sector.
The Kospi has rallied sharply this year, driven by artificial intelligence-related optimism surrounding Korean semiconductor and electronics giants. However, Brice noted that the current valuation levels introduce a risk factor that could lead to short-term volatility. He emphasized that the long-term outlook for AI-exposed tech remains positive, and any pullback would present a buying opportunity. For traders tracking these moves, NowPrice's live stocks dashboard offers real-time price data on Kospi components and related ETFs.
Investors will watch for upcoming earnings reports from key tech names and global AI demand indicators. Any signs of slowing momentum in the AI trade could accelerate profit-taking, while positive surprises may sustain the rally. The Kospi's next support and resistance levels will be closely monitored amid the heightened valuation sensitivity.