UBS: Maintains KOSPI target price at 9,200 points, but deleveraging may intensify short-term volatility.
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The South Korean government has introduced new regulations for single-stock leveraged ETFs. Coupled with the market’s own deleveraging pressures, this is reshaping the short-term volatility landscape for the KOSPI. UBS, while maintaining its target price of 9,200 points for the KOSPI, warns of heightened recent volatility risks and