JPMorgan raises target for South Korea’s Kospi index to 15,000 points

Odaily reported that JPMorgan has raised its target for the Kospi index and recommended buying on dips, maintaining the highest exposure to the South Korean stock market. JPMorgan strategists wrote in the report: "This stems from our constructive view on artificial intelligence and the earnings of related hardware companies. There is still room for further increase in retail buying."

JPMorgan's bull case scenario suggests the Kospi index has 77% upside from Wednesday's closing level of 8,471.02 points. The bank also raised its base case and bear case targets to 12,500 points and 8,000 points, respectively. (Jinshi)