Goldman Sachs cuts its 12-month price target for South Korea’s Kospi Index by 25%, reducing it to 9,000, as concerns grow that the AI-driven spending cycle may be losing momentum. The move comes after the bank had raised the Kospi target multiple times earlier in the year.
Across coverage, outlets link the revision to an “AI trade” that is weakening and describe the impact as a selloff in AI-linked stocks. NDTV also frames the change as “AI fatigue,” while Bloomberg emphasizes the unraveling of the AI trade and notes that strategists had repeatedly lifted the target before lowering it. All accounts present Goldman’s target cut as the central market signal for the coming year.
Despite the downgrade, NDTV adds that Goldman still points to potential upside of more than 60% from current levels, while the other summaries focus more on the reduction itself and the broader AI-related market concerns.
