TR Korea (02848) rose more than 3%, with a gain of 3.32% to HKD 1,524 at the time of writing. Trading volume reached HKD 1.4578 million. The movement follows data released by South Korean customs on April 21, showing that exports from April 1 to 20 increased by 49.4% year-on-year, reaching a total of USD 50.4 billion—the highest figure on record for the same period. Semiconductor exports surged 182.5%, driven by strong investment in artificial intelligence and data center sectors. On Tuesday, South Korea's benchmark KOSPI index closed up 2.7% at 6,388.47 points. In a recent research report, Goldman Sachs raised its target for the KOSPI index from 7,000 to 8,000 points, citing upward revisions in corporate earnings expectations due to robust demand for AI-related chips and attractive current valuations. The strategists noted that the target increase reflects "continued improvement in the fundamentals of the semiconductor and industrial sectors," with a key driver being a 220% upward revision in the bank's corporate profit growth forecast for 2026.
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