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🇰🇷 South Korea /Economy & Trade

Goldman Sachs Maintains 12,000 KOSPI Target, Citing Earnings Support

From Chosun Ilbo · () Korean

Translated from Korean and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Context piece
  • Goldman Sachs maintained its 12-month KOSPI target of 12,000.
  • The investment bank expects the memory semiconductor boom fueled by expanded AI investment to last longer than previously anticipated.
  • Asia-Pacific chief equity strategist Timothy Moe said the firm was maintaining its existing view, supported by corporate earnings.

Goldman Sachs has kept its 12-month target for South Korea’s KOSPI at 12,000, saying the memory semiconductor boom linked to expanding artificial intelligence investment could last longer than expected.

Timothy Moe, the bank’s chief Asia-Pacific equity strategist, said in an interview on the fourth that Goldman Sachs was maintaining its existing position. He added that corporate earnings supported the target.

The forecast reflects the bank’s view that stronger AI investment will sustain demand for memory chips beyond its earlier expectations.

We are still maintaining our existing view.

· Timothy MoeGoldman Sachs’s Asia-Pacific chief equity strategist explained why the bank kept its KOSPI target at 12,000.
About this summary

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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