KOSPI Forward P/E at 6.35x, Lower Than 2008 Financial Crisis, Despite 80% Rally This Year

According to Bloomberg, as of July 9, South Korea's KOSPI index posted a 12-month forward price-to-earnings ratio (P/E) of 6.35x, falling below the 6.82x recorded in October 2008 during the global financial crisis, despite the index surging around 80% year-to-date driven by improved earnings from Samsung Electronics and SK Hynix. The KOSPI's 12-month forward earnings per share (EPS) estimates were revised upward approximately 170% this year, the largest annual increase since 2006, as global tech giants' expanded AI infrastructure investments lifted memory semiconductor prices.
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