Nomura identifies three factors that are fueling South Korean stocks

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Nomura outlines three factors driving outperformance of South Korean stocks

"I think there are three factors which are positive for Korean markets this year," Chetan Seth, an equity strategist at Nomura, told CNBC's "Street Signs Asia" on Thursday.

"There's a reason why that's happening. Interest rates are low, property market outlook is not so great so that money, that savings, that current account surplus has to go eventually into financial assets," Seth said. "Equities is possibly the only avenue."As of 12 a.m. local time on Oct. 1, South Korea has confirmed 23,889 infections while 415 have died, according to official data from the country. Meanwhile in the U.S.

 

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