Macquarie: South Korean stocks are set to rebound and enter a bull run.

On June 10, Daniel Kim, head of South Korea research at Macquarie Group, wrote in a report on Tuesday that the South Korean stock market is expected to rebound and is expected to enter a bull market. Kim said the current political situation in South Korea is similar to that in 2000 and 2007, when South Korea’s presidents were from the Democratic Party. The agency believes that the government of South Korea’s new Democratic Party President Lee Jae-myung is likely to implement expansionary fiscal policy and support the stock market. He added that the Democratic Party of Korea (DPK) has been a strong supporter of minority shareholder value and business law reform, which should be positive for the stock market. South Korea’s KOSPI closed up 0.56% at 2,871.85 points today, the highest since July 11, 2024. Since the beginning of the year, the index has risen nearly 20%.