Goldman’s Moe on the Slump in South Korea Stocks

Timothy Moe, the chief APAC regional equity strategist at Goldman Sachs, expects South Korean stocks to bounce back following a sharp decline. This market drop was severe enough to trigger a circuit breaker, which Moe described as a scary correction. Speaking with Haidi Stroud-Watts and Shery Ahn on Bloomberg, Moe maintained a positive outlook for the recovery of the South Korean equity market after this recent period of volatility and significant downward pressure.