HSBC Upgrades South Korean Equities to Neutral From Underweight -- Market Talk

Dow Jones04-23

0220 GMT - De-crowding of foreign investor positions in recent months in South Korean equities is expected to pave the way for support from local demand and a strong earnings outlook, HSBC's head of equity strategy for Asia Pacific, Herald van der Linde, says in a note. The bank, previously underweight South Korea on concerns over the Middle East and foreign outflows, has now upgraded the market to neutral. The earnings outlook remains compelling, with the bulk of growth expected from Samsung Electronics and SK Hynix, the analyst says. The Kospi is up 1.3% at 6499.23. (venkat.pr@wsj.com)

(END) Dow Jones Newswires

April 22, 2026 22:20 ET (02:20 GMT)

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The earnings outlook remains compelling, with the bulk of growth expected from <a href=\"https://laohu8.com/S/SSNGY\">Samsung Electronics</a> and <a href=\"https://laohu8.com/S/HXSCL\">SK Hynix</a>, the analyst says. The Kospi is up 1.3% at 6499.23. 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The bank, previously underweight South Korea on concerns over the Middle East and foreign outflows, has now upgraded the market to neutral. The earnings outlook remains compelling, with the bulk of growth expected from <a href=\"https://laohu8.com/S/SSNGY\">Samsung Electronics</a> and <a href=\"https://laohu8.com/S/HXSCL\">SK Hynix</a>, the analyst says. The Kospi is up 1.3% at 6499.23. 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The earnings outlook remains compelling, with the bulk of growth expected from Samsung Electronics and SK Hynix, the analyst says. The Kospi is up 1.3% at 6499.23. 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