Bank of America: Buying Opportunity Emerges for the Won After Sell-off in AI Stocks

TechFlow news, November 06, Bank of America believes that a buying opportunity has emerged for the Korean won after a sell-off in AI-related stocks. Claudio Piron, head of Asia FX and rates strategy at the bank's Global Research, said the won has recently weakened alongside AI stocks, but South Korea's sizable current account surplus provides "considerable" support for investors to build long positions. "This factor will start to play a role," he said. "At the margin, I think current levels offer an opportunity for investors to take long positions in the won." (Jin10)

Source: TechFlow