JPMorgan raises the Kospi index bull market target for the South Korean stock market to 15,000 points.
According to BlockBeats, on June 25, JPMorgan raised its target for South Korea’s KOSPI Index and recommended increasing positions on dips, maintaining its highest exposure to South Korean equities. JPMorgan strategists wrote in a report: "This stems from our constructive outlook on artificial intelligence and the profits of related hardware companies. There is still room for further increase in retail buying demand."
JPMorgan's bull case scenario indicates that the KOSPI Index has 77% upside potential from Wednesday’s closing level of 8,471.02 points. JPMorgan also raised its base-case and bear-case targets to 12,500 points and 8,000 points, respectively.
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