Goldman Sachs is reducing its target for the South Korean Kospi index for the next 12 months to 9,000 points from 12,000. The bank attributed this step to an escalation in market volatility and a slowdown in earnings growth momentum. Goldman Sachs maintains its recommendation to increase the relative weight of Korean stocks in investment portfolios, as the revised target still indicates the possibility that the index will rise by more than 60% from its current levels.

Goldman Sachs is reducing its target for the South Korean Kospi index for the next 12 months to 9,000 points from 12,000. The bank attributed this step to an escalation in market volatility and a slowdown in earnings growth momentum. Goldman Sachs maintains its recommendation to increase the relative weight of Korean stocks in investment portfolios, as the revised target still indicates the possibility that the index will rise by more than 60% from its current levels.