JPMorgan says stocks in South Korea and India could 'surprise' investors in 2020

J.P. Morgan has an optimistic outlook on Asian stocks, with South Korea and India positioned to perform particularly well going into 2020.

Still, J.P. Morgan said its 2020 year-end target for the index — which tracks large and mid-cap stocks across Asian markets, including China, Korea, and India — is roughly 8% above current levels. But Sullivan told CNBC that the environment could "get significantly more difficult" in the back half of the year.

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Pump before they dump

South Korea stocks are set to kpop !😃

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