semiconductor / news / / Livemint
JPMorgan Chase & Co. raised its targets for South Korean stocks for the second time in less than a month.
JPMorgan raised its Kospi base target to 9,000 and bull-case to 10,000.
KEY POINTS
- This is JPMorgan's second target increase for South Korean stocks within a month.
- Memory-chip stocks now make up 50% of the Kospi and drove 70% of its 2024 gains.
- JPMorgan forecasts a multi-year upcycle for memory chips, led by rising prices and volumes.
- Both JPMorgan and Goldman Sachs now see 9,000 as a realistic Kospi target.
COMPANIES
Summarized by Newsio from Livemint. How we summarize →