Svmuu News JPMorgan Chase has raised its target for the Korea Composite Stock Price Index (KOSPI) and recommends adding to positions on dips, while maintaining the highest exposure to the South Korean stock market. Strategist JPMorgan Chase wrote in a report: “This stems from our constructive view on artificial intelligence and the earnings of related hardware companies. There is still room for retail buying to increase further.”
JPMorgan Chase’s bull case scenario suggests the KOSPI has 77% upside potential from Wednesday’s closing level of 8,471.02 points. JPMorgan Chase also raised its base-case and bear-case targets to 12,500 points and 8,000 points, respectively.(Jin Shi)