JPMorgan lifts Kospi index target to 10,000 citing semiconductor comeback
NewsBytes | May 11, 2026 12:39 PM CST
Kospi jumps 5.1% on memory chips
The Kospi shot up 5.1% on Monday alone, reaching a record intraday high of 7,876.60 and bringing its gains this year to a wild 86%.
Most of this surge comes from memory-chip stocks riding the global AI wave. They make up one-half of the index and have delivered about 70% of its gains.
Goldman Sachs also raised its Kospi target to 9,000 last week, pointing to strong earnings momentum.
Analysts think demand for memory chips will stay hot over the next couple of years as prices and sales keep climbing.
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