Economics
Global Growth to Drive Kospi Rally, Credit Suisse Says
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Global economic growth and cheap valuations may cause South Korea’s Kospi Index to rally 19 percent next year, according to Credit Suisse Group AG.
The benchmark index, the best performer among gauges for the world’s 15 biggest markets this year, may climb to 2,300 next year, according to Seok Yun, Seoul-based head of research at Credit Suisse and the top-ranked analyst for South Korean stocks in the 2010 Institutional Investor poll, at a press briefing in the South Korean capital yesterday. The stock gauge rose 1.3 percent yesterday to 1,929.32.