Goldman Sachs cuts KOSPI target to 9,000 from 12,000
In short
Goldman Sachs cut its 12-month KOSPI target to 9,000 from 12,000. The summary says the bank pointed to doubts about the AI trade and weaker chip stocks, even though the index had already fallen sharply and prices were at record lows.
This matters because the KOSPI is a key South Korea market gauge. The new target still suggests more than 60% upside, but the exact path for stocks is still unclear.
What the reporting says
Goldman Sachs cut its 12-month KOSPI target to 9,000 from 12,000, according to the publisher summary. The bank cited doubts about the AI trade and falling chip stocks, even as the index had already dropped sharply and valuations were at record lows. The new target still implies more than 60% upside, but the reason for the market’s steep decline was not fully detailed.
Why it matters
Goldman Sachs lowered its 12-month KOSPI target by 25% to 9,000 from 12,000, citing doubts about the AI trade and falling chip stocks. The summary says South Korea’s index had already suffered a steep decline and valuations were at record lows. Even after the cut, Goldman still sees more than 60% upside, but the timing and drivers of any recovery were not stated.