STOCKS | Goldman Sachs Raises KOSPI Index Target Amid Strong Chip Prices

Goldman Sachs has increased its target for South Korea's KOSPI index from 6,500 points to 7,000 points, citing the continued strength in memory chip prices. According to Jin10, strategists including Timothy Moe suggest that the recent market pullback is a correction, and after a period of consolidation, the index is likely to rebound and reach new highs. Goldman Sachs has also raised its 2026 earnings forecast for South Korea from 120% to 130%, marking the third upward revision this year.