Goldman Sachs cuts South Korea stock index target but stays bullish
The investment bank reduced its Kospi forecast by a quarter while maintaining an optimistic view of Korean equities.
At a glance
- Goldman Sachs cut Kospi target by 25% to 9,000
- Bank maintains bullish stance on Korean equities
- Forecast still shows over 60% upside potential
Goldman Sachs has lowered its target for South Korea's Kospi stock index to 9,000, representing a 25% reduction from its previous forecast. Despite the downward revision, the bank continues to hold a positive outlook on Korean equities, projecting over 60% upside potential from current levels.
Why it matters
Goldman Sachs' revised outlook signals confidence in South Korea's stock market despite near-term headwinds, influencing investor sentiment toward the region's equities.
Original reporting
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