Goldman Sachs Cuts Its Price Target for South Korea’s KOSPI
AI summary
Goldman Sachs cut its 12-month KOSPI target by 25%, to 9,000 from 12,000, undoing its June 3 upgrade. The bank estimates current chip valuations imply a 65% fall in 2027 sector earnings, a view it calls excessively pessimistic. Traders should watch Samsung Electronics and SK Hynix results, since a weaker Korean tech outlook can spill into broader risk appetite for semiconductor-linked crypto and equity markets.
