Svmuu News Goldman Sachs forecasts that South Korea’s KOSPI index will reach 12,000 points within the next 12 months, representing a rise of more than 20% from current levels; however, Goldman Sachs also warns that the path to this rise may be “rocky.”
In the markets, tech stocks are poised for a strong start to the week, while South Korea’s memory chip giants will once again test the waters of the AI trading trend. Nasdaq 100 index futures rose 1%, S&P 500 index futures rose 0.4%, and Dow Jones futures were essentially flat.Samsung Electronics is set to report earnings on Tuesday; the chipmaker’s stock has risen 165% so far this year, and its earnings report will be closely watched. A few days later, SK Hynix will move forward with its $29 billion U.S. initial public offering.