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Goldman Sachs raised its KOSPI target to 12,000 from 9,000, citing higher earnings and a conservative 8x expected forward P/E. It raised its 2026 and 2027 earnings growth forecasts to 320% and 35% respectively and called Korea the region's strongest

2026-06-03

Goldman Sachs raised its KOSPI target to 12,000 from 9,000, citing higher earnings and a conservative 8x expected forward P/E. It raised its 2026 and 2027 earnings growth forecasts to 320% and 35% respectively and called Korea the region's strongest earnings performer. Goldman warned market risks remain: KOSPI has more than doubled YTD, Samsung and SK Hynix now comprise over half of Korea's market cap, and rising retail speculation increases the chance of a pullback.

Other News
2026-06-03

The US dollar index, which measures the dollar against six major currencies, rose 0.02% on Tuesday, closing at 99.219 in late trading. At the close of trading in New York, the euro was worth $1.1628, down from $1.1631 the previous day; the pound ster

The US dollar index, which measures the dollar against six major currencies, rose 0.02% on Tuesday, closing at 99.219 in late trading. At the close of trading in New York, the euro was worth $1.1628, down from $1.1631 the previous day; the pound sterling was worth $1.3469, up from $1.3458. The dollar was worth 159.91 yen, up from 159.76 yen; 0.7873 Swiss francs, up from 0.7864 Swiss francs; 1.3832 Canadian dollars, down from 1.3842 Canadian dollars; and 9.3155 Swedish krona, up from 9.3059 Swedish krona.
2026-06-03

The U.S. National Highway Traffic Safety Administration (NHTSA) said Ford Motor is recalling 419,967 U.S. vehicles because seat belts may fail to retract or extend and therefore may not properly restrain occupants, increasing the risk of injury in a

The U.S. National Highway Traffic Safety Administration (NHTSA) said Ford Motor is recalling 419,967 U.S. vehicles because seat belts may fail to retract or extend and therefore may not properly restrain occupants, increasing the risk of injury in a crash.
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