BNP Paribas Is Still 'Underweight' South Korea: Raychaudhuri

The video discusses the ongoing downgrade cycle in earnings, particularly in Asia and South Korea. It highlights the negative growth estimates for MCA Japan and the impact of share buybacks on EPS growth. The discussion extends to GDP growth rates, future projections, and the potential for mean reversion. South Korea's economic challenges, including earnings downgrades and DRAM price fluctuations, are examined. Despite these challenges, Korean tech companies have shown resilience, with significant share price increases, indicating market optimism.

What is the significance of the trade conflict resolution mentioned in the text?

How does the text characterize the market's perception of Korean tech companies despite earnings downgrades?