TREE NEWS reports: Goldman Sachs strategists led by Timothy Moe cut their 12-month target for the KOSPI to 9,000 from 12,000, a 25% reduction, amid mounting concerns over the artificial intelligence sector. The benchmark index has fallen more than 35% from its June high, prompting the team to adopt more conservative valuation assumptions. Even after the cut, Goldman said the index still has more than 60% upside from current levels.
Goldman Sachs cuts KOSPI 12-month target by 25% to 9,000
AI take
The scale of the cut matters more than the new number: a 25% reduction in a 12-month target signals that sell-side valuation frameworks are being rebuilt around AI-sector risk rather than treated as a temporary drawdown. The striking detail is the residual upside Goldman still models after that reset, which suggests the revision reflects lowered assumptions about earnings or multiples rather than a bearish call on the market itself. For Korean equities, the read-through extends to how much of the index's AI-linked premium is now being repriced. Whether other houses follow with similar target cuts is the open question.
Generated by AI for reference only.
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