Citi: Global funds are exiting "growth" and embracing "value," with KOSPI and Nikkei brewing a short squeeze.

Zhitong Finance APP has learned that Citigroup's latest Global Equity Market Positioning (EMP) report shows that global investor positioning is continuing to rotate from growth-sensitive exposures toward value-oriented markets. The report notes that overall U.S. equity positioning has weakened, with Nasdaq long positions having plunged from a mildly bullish level in October to near bearish territory; European markets are attracting incremental funds due to the value rotation; and divergence in Asian markets has intensified, with short positions highly concentrated in South Korea's KOSPI and Japan's Nikkei 225, making them the most asymmetric markets in the global positioning structure, highly prone to triggering large-scale short-covering rallies once market sentiment stabilizes.