STOCKS | Goldman Sachs Expects South Korea’s KOSPI to Reach 12,000 Within 12 Months

Goldman Sachs expects South Korea’s KOSPI index to reach 12,000 within the next 12 months, implying a rise of more than 20% from current levels. According to Odaily, Goldman Sachs also cautioned that the path to gains may be uneven. In broader markets, technology stocks were expected to start the week stronger, with South Korea’s memory-chip companies set to test the momentum of the artificial intelligence trade. Nasdaq 100 futures rose 1%, S&P 500 futures gained 0.4%, and Dow futures were little changed. Samsung Electronics is scheduled to report earnings on Tuesday. The chipmaker’s shares are up 165% year to date, and its results are expected to be closely watched. A few days later, SK Hynix is set to proceed with a $29 billion U.S. listing.