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Goldman Sachs cuts KOSPI 12-month target by 25% amid weakening AI trades

Bloomberg ·

  1. 1Goldman Sachs Group Inc. strategists lowered the 12-month KOSPI target from 12,000 to 9,000, a 25% reduction.
  2. 2The KOSPI benchmark index has recorded a decline of more than 35% from its June peak.
  3. 3Goldman Sachs strategists stated that the market is pricing in excessively negative fundamental outlooks.

So what's the key point?

Goldman Sachs has lowered its target for the KOSPI index to 9,000. This means the market is reflecting a worse situation in stock prices than the actual economic fundamentals of companies.

Source Bloomberg · View original ↗

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