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JPMorgan Raises Target for South Korean Stock Market Bull Scenario to 15,000 Points
1 day ago /
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Author：小编
JPMorgan has raised its target for South Korea's Kospi index, advising investors to buy on dips and maintain maximum exposure. The institution holds a constructive view on the earnings prospects of artificial intelligence and related hardware companies and believes there is still room for increased retail buying. Technology companies involved in AI data center construction have seen significant earnings, which are already having a macro-level impact and boosting wealth. In a bull scenario, the index target represents a 77% upside from Wednesday's closing level of 8,471.02 points; the targets for the base-case and bear scenarios have been raised to 12,500 points and 8,000 points, respectively.
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