I think it's a healthy correction, some valuations got a little high.

When buying momentum starts to fall off the market starts to correct and I think we'll have a mild correction today.

There is still a chance for loan growth to slow further, but the Chinese government is slowly loosening. If loan growth picks up, it will be good for banks.

Red chips and large industrial shares have been outperforming recently. They have been boring and undervalued, but international investors are beginning to pay attention.

Previously Korea has been one of the leveraged plays on global industrial activity. So, when people were bullish globally, people were even more bullish on Korea.

One thing that tended to surprise a lot of people this year is that the market was going up on the back of very little net foreign inflow.