Goldman Sachs Cuts Its Price Target for South Korea’s KOSPI

Crypto Insight Summary: Goldman Sachs has cut its 12-month KOSPI target by 25%, to 9,000 from 12,000. The new figure returns the bank to where it stood before its June 3 upgrade. The bank estimates chip valuations now imply a 65% fall in 2027 sector earnings. It calls that view excessively pessimistic. Samsung Electronics and SK Hynix report Crypto Insight Analysis: Direction: Bearish KRW Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Goldman Sachs' downgrade signals economic concerns in South Korea, impacting KRW and regional sentiment.