South Korea's KOSPI Year-End Rally Outlook Hinges on Confirming Semiconductor Shortage

Analysts suggest that a year-end rally for South Korea's KOSPI index will depend on whether third-quarter earnings from Samsung Electronics and SK Hynix confirm that the memory semiconductor supply shortage will persist beyond 2028. This outlook is based on improving macro and supply-demand conditions from October, potentially leading to renewed foreign net buying as semiconductor valuations become less stretched.