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Goldman Cuts Kospi 12-Month Target by 25% as AI Trade Unravels

Goldman Sachs Group Inc strategists reduced their 12-month target for South Korea's Kospi Index by 25 percent following repeated upward revisions earlier in the year. The adjustment comes as the artificial intelligence trade unravels, driven by mounting concerns over artificial intelligence investments and more conservative equity valuations. Despite the steep reduction, the revised target of 9,000 still implies more than 60 percent upside from market levels recorded on October 25. The shift highlights acute volatility in South Korea's market, where sentiment swung rapidly from panic to euphoria over a 24-hour period.

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⚡ Key Developments & Real-Time Context
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  • ✓ Goldman Sachs Group Inc strategists slashed their 12-month target for South Korea's Kospi Index by 25 percent.
  • ✓ The revised Kospi target of 9,000 implies a more than 60 percent upside from market levels on October 25.
  • ✓ Seoul stocks opened lower ahead of upcoming earnings reports and a Federal Reserve decision.
🛡️ Source Corroboration: 14 independent reporting domains (95% confidence) ⏱ Read time: ~2 min

What changed

Goldman Sachs lowered its 12-month price target for the Kospi Index by 25 percent amid intensifying worries over the artificial intelligence trade.

Live updates

  1. Goldman Sachs Cuts Kospi Target by 25% Amid Unraveling AI Trade

    Goldman Sachs Group Inc strategists reduced their 12-month target for South Korea's Kospi Index by 25 percent following repeated upward revisions earlier in the year. The adjustment comes as the artificial intelligence trade unravels, driven by mounting concerns over artificial intelligence investments and more conservative equity valuations. Despite the steep reduction, the revised target of 9,000 still implies more than 60 percent upside from market levels recorded on October 25. The shift highlights acute volatility in South Korea's market, where sentiment swung rapidly from panic to euphoria over a 24-hour period.

    Why it matters

    South Korea remains highly sensitive to shifts in the global technology sector due to its heavy weighting in semiconductor and artificial intelligence supply chains. The sudden reduction by Goldman Sachs reflects broader investor anxiety over the durability of the artificial intelligence boom and stretched valuations. Seoul stocks previously opened lower as markets braced for upcoming corporate earnings reports and a Federal Reserve decision.

    What is confirmed

    • Goldman Sachs Group Inc strategists slashed their 12-month target for South Korea's Kospi Index by 25 percent.
    • The revised Kospi target of 9,000 implies a more than 60 percent upside from market levels on October 25.
    • Seoul stocks opened lower ahead of upcoming earnings reports and a Federal Reserve decision.

    Still unconfirmed

    • Morgan Stanley sees more downside in Chinese stocks as tech sector pressures persist.

    What to watch next

    • Upcoming corporate earnings reports from major technology and semiconductor firms.
    • The upcoming Federal Reserve decision and its impact on broader Asian market liquidity.
    Sources used for this update (14)
    1. www.newspim.com — [오늘의 차트] AI 업황이 급선회할 때 韓 충격파는...IMF의 경고
    2. Bloomberg.com — Goldman Cuts Kospi 12-Month Target by 25% as AI Trade Unravels
    3. Yahoo Finance — Goldman Sachs Cuts Its Price Target for South Korea’s KOSPI
    4. Business Insider — South Korea's AI Trade Just Went From Panic to Euphoria in 24 Hours
    5. Stocktwits — BABA, BIDU, SKHY in Focus: Morgan Stanley Sees More Downside In Chinese Stocks, Goldman Sachs Cuts KOSPI Target
    6. The Korea Herald — Seoul stocks open lower ahead of earnings reports, Fed decision
    7. www.businesstimes.com.sg — Goldman cuts Kospi 12-month target by 25% as AI trade unravels - The Business Times
    8. www.tickmill.com — Daily Market Outlook, October 26, 2026 | Tickmill
    9. www.businesstimes.com.sg — Meta rolls out consumer AI agent in Singapore amid global safety, retail pushback
    10. uk.finance.yahoo.com — Goldman Cuts Kospi 12-Month Target by 25% as AI Trade Unravels
    11. digg.com — Goldman Sachs reportedly cuts 12-month Kospi target by 25% amid AI-trade concerns · Digg
    12. sg.finance.yahoo.com — Goldman cuts Kospi 12-month target by 25% as AI trade unravels
    confidence 95%
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