✉news BusinessFinance first seen 2 d ago, last 2 d ago, peak #35
Goldman Sachs cuts Kospi target 25% amid AI selloff
Original: Goldman Sachs cuts Kospi target by 25% amid AI stock selloff
Goldman Sachs has lowered its year-end target for South Korea's Kospi index by 25%, citing the sharp selloff in AI-related stocks. The move signals growing caution on Wall Street about valuations in the global AI trade, which has weighed heavily on Korean chip and technology shares. Investors are watching whether further banks follow with downgrades.
Why now: The AI stock selloff is prompting major banks to slash index forecasts, raising fears of a broader tech correction.
Evidence
- Goldman Sachs cuts Kospi target by 25% amid AI stock selloff · Yahoo Finance
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