The South Korean stock market rebounded and closed up 3.6%, with JPMorgan Chase maintaining its overweight rating for the South Korean market

The South Korean KOSPI index closed up 3.6% at 6747.95 points, as the sell-off caused by leveraged liquidation eased. JPMorgan Chase maintains its over allocation rating for the Korean market in regional asset allocation and sets a 12-month target point of 12500 points.