Bank of America: Korean Won Presents Buying Opportunity After AI Stock Selloff

on November 06, Bank of America sees a buying opportunity in the Korean won following the sell-off in AI-related stocks. Claudio Piron, head of Asian foreign exchange and interest rate strategy at the bank's Global Research division, noted that the won has recently weakened alongside AI-related equities, but South Korea's substantial current account surplus provides "considerable" support for investors establishing long positions. "This factor will start to take effect," he said. "On the margin, I believe current price levels present an opportunity for investors to go long the won." (JinShi)