Citigroup Downgrades South Korean Stocks Rating, Upgrades Chinese Stocks Rating

Citigroup has downgraded its rating on South Korean stocks to tactical neutral in its emerging market asset allocation, while upgrading its rating on Chinese stocks to overweight. The downgrade is attributed to the turbulent trading in the South Korean market, whereas the Chinese market is expected to benefit from the spread of gains led by AI winners. Citigroup strategist David Groman stated that if the macro environment remains favorable, including a reduction in geopolitical risks, the market will have broader room for gains. Additionally, Citigroup has upgraded its rating on the Mexican market to neutral, considering it a potential target for gains within emerging markets.

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