According to BeInCrypto, Goldman Sachs has lowered its 12-month target for South Korea’s KOSPI index by 25%, setting it at 9,000 after previously targeting 12,000. This adjustment brings the bank’s outlook back to the level it held prior to a June 3 upgrade. The firm notes that current chip valuation assumptions imply a projected 65% decline in sector earnings for 2027, a view it describes as excessively pessimistic. Samsung Electronics and SK Hynix are referenced in connection with the analysis.
