Goldman Sachs: South Korea's KOSPI Index Expected to Reach 12,000 Points in the Next 12 Months

Odaily Planet Daily News Goldman Sachs expects the KOSPI index to reach 12,000 points within the next 12 months, implying a rise of more than 20% from current levels. However, Goldman Sachs also warns that the upward path may be "bumpy."

In the market, tech stocks are expected to start the week on a strong note, while South Korea's memory chip giants will once again test the momentum of the artificial intelligence trade. Nasdaq 100 futures rose 1%, S&P 500 futures gained 0.4%, and Dow futures were relatively flat. Samsung Electronics is set to announce its earnings on Tuesday, and as the chipmaker's stock price has already surged 165% this year, its financial report will be closely watched. A few days later, SK Hynix will also proceed with its U.S. listing valued at $29 billion.