Strategists advised buying on dips and pointed to AI and hardware-company earnings, with a 15,000 bull-case target versus Wednesday’s 8,471.02 close.
JPMorgan lifted its target for South Korea’s Kospi index and said investors should buy on dips, while keeping its highest portfolio exposure to Korean equities. The bank’s strategists said their view is supported by a constructive outlook for AI and hardware-company earnings. They set a bull-case target of 15,000 for the index, compared with Wednesday’s 8,471.02 close, and also raised their base-case and bear-case targets to 12,500 and 8,000.