South Korean fund managers lowered their three-month Kospi forecast range to 6,051-7,764 from 7,478-9,630 in a previous June survey, although 71.7% viewed the recent pullback as a correction before a rebound rather than a full-fledged bear market. Artificial intelligence remained the leading sector preference at 79.2%, followed by semiconductors at 73.6%. Separately, domestic brokerages set Samsung Electronics target prices between 270,000 won and 650,000 won before its third-quarter earnings release, with FnGuide's three-month average at 493,864 won, implying about 73% upside from the 285,500-won close on the 23rd. The disagreement reflected differing expectations for memory-chip supply, high-bandwidth memory demand, foundry profitability and future oversupply.