Goldman Raises Kospi Target to 12000, Upgrades Taiwan to Overweight -- Market Talk

Dow Jones08:38

0038 GMT - Goldman Sachs raises its 12-month target for South Korea's Kospi stock benchmark to 12000 from 9000 and upgrades Taiwan's benchmark Taiex to overweight with a 51000 target. "We lean into north Asia where earnings growth is strongest," GS analysts led by Timothy Moe say in a note, citing AI-driven surging profits in the tech-heavy markets. This year, the Kospi has more than doubled while the Taiex is up around 60%, they note. GS expects Korea to lead Asia with profit growth of 320% in 2026, followed by Taiwan at 48%. The bank cautions that recent market gains raise the risk of a correction, recommending derivative overlays to hedge against a possible sharp pullback. (kwanwoo.jun@wsj.com)

(END) Dow Jones Newswires

June 03, 2026 20:38 ET (00:38 GMT)

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