Goldman Sachs Cuts Its Price Target for South Korea’s KOSPI

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9,000

KOSPI target

Goldman Sachs has cut its 12-month KOSPI target by 25%, to 9,000 from 12,000. The new figure returns the bank to where it stood before its June 3 upgrade. The bank estimates chip valuations now imply a 65% fall in 2027 sector earnings. It…