Goldman Cuts KOSPI Target 25% to 9,000, Still Sees 60% Upside

Goldman Sachs cut its 12-month KOSPI target 25% to 9,000 from 12,000 on October 25, 2026, per BusinessKorea, still implying more than 60% upside. The KOSPI, South Korea's main stock index, had fallen more than 35% from its June peak. Bloomberg tied the cut to the unravelling AI trade, which bears on the memory-chip earnings thesis behind Goldman's May call.