KOSPI 10,000 Is No Longer a Fantasy: The Next Leg of Korea's Historic Rally Has Already Begun
JPMorgan just raised its KOSPI bull-case to 10,000. With semiconductors up 80%+ YTD, the next rally leg is rotating into defense, nuclear, and mid-caps. Here's what global investors need to know. KOSPI 10,000 Is No Longer a Fantasy — The Next Leg Has Already Begun Wall Street keeps raising its targets. But the more important story isn't where the index has been — it's what's driving it higher from here. When we last covered the KOSPI rally, Goldman Sachs and JPMorgan were both rushing to upgrade their targets on the back of a semiconductor earnings supercycle. At the time, a KOSPI target of 8,000 felt bold. That was weeks ago. Since then: JPMorgan raised its bull-case KOSPI target to 10,000 from 9,000, implying gains of more than 25% from current levels, as surging demand tied to AI infrastructure continues to drive South Korea's semiconductor giants. Goldman Sachs raised its 12-month target to 9,000 points and maintained its "Overweight" rating, ...