Citi Downgrades South Korean Stocks to Neutral Amid Volatility
2026-07-20 02:32:29
Citi lowered its rating on South Korean stocks from "overweight" to "neutral" as chip shares have swung sharply in recent weeks, and the bank is seeking to reduce its exposure to the artificial intelligence theme. According to Jin10, Citi still holds a structurally bullish view on the artificial intelligence sector, but changed its stance on the South Korean market to neutral.
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