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Goldman Sachs Kospi target cut: Why South Korea market experts lowered target to 9,000 from 12,000 - Explained
Mint 1 hr ago·26 Oct 2026, 5:14 pm
Goldman Sachs has lowered its 12-month target for South Korea’s KOSPI stock index from 12,000 to 9,000, a 25% cut. The bank cited waning confidence in the AI trade and a slump in chip stocks as primary reasons for the downgrade. Despite the index’s recent steep decline and record-low valuations, the new target suggests the market still has significant room to recover.
For investors, this move highlights the fragility of the current rally and the heavy reliance of the Korean market on global technology trends. While the lower target implies potential for a rebound, it also signals that the path forward may be bumpier than previously expected. Investors should monitor global tech demand and domestic earnings trends closely to gauge the market's next move.
Excerpt from Mint
Goldman Sachs cut its 12-month KOSPI target by 25%, to 9,000 from 12,000, citing doubts about the AI trade and falling chip stocks. Despite the index’s steep decline and record-low valuations, the new target implies more than 60% upside. After a series of upgrades, global brokerage firm Goldman Sachs has trimmed its…Read the original at Mint
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