GENERAL7 Sept 2026
Goldman’s Moe Sees 80% Upside for Korean Stocks on Memory Boom | Stock Market News
Goldman Sachs' chief Asia strategist is keeping his target of 12,000 for South Korea's Kospi index — nearly 80% above current levels. He says investors are underpricing how long the AI memory-chip boom will last. Samsung and SK Hynix lead the earnings surge. For investors, the takeaway is that a sharp drop in Korean stocks may be temporary, but one forecast is not certainty.
Key Statutory Highlights
- Goldman Sachs strategist Timothy Moe maintains his 12,000 target for the Kospi, implying roughly 80% upside.
- He expects the AI-driven demand for memory chips to last longer than the market believes, with earnings estimated to grow about 360% this year.
- The Kospi is currently down 27% from its June record despite strong results from Samsung and SK Hynix.
Actionable Advice for Taxpayers / Founders:Before acting on this one forecast, review your own exposure to Korean or tech stocks, and remember markets can stay volatile even when earnings look strong.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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