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JPMorgan Sets 10,000 Kospi Target as Chip Stocks Surge

5/12/2026

44 10 Full Breakdown

Summary

Story summary

JPMorgan lifted the Kospi base target to 9,000 and the bull target to 10,000, indicating a 27.8% upside.
The Kospi rose 4.3% to a record 7,822.24, raising its year-to-date gain to about 86%.
Memory-chip stocks, which make up half of the index, accounted for roughly 70% of this year’s gains.
Retail investors bought nearly 6 trillion won of Kospi shares this month.
Foreigners sold over 7 trillion won net.

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Story summary

JPMorgan lifted the Kospi base target to 9,000 and the bull target to 10,000, indicating a 27.8% upside.
The Kospi rose 4.3% to a record 7,822.24, raising its year-to-date gain to about 86%.
Memory-chip stocks, which make up half of the index, accounted for roughly 70% of this year’s gains.
Retail investors bought nearly 6 trillion won of Kospi shares this month.
Foreigners sold over 7 trillion won net.