JPMorgan Hikes Kospi Bull Case Target to 10,000 on Memory Boom

JPMorgan Chase & Co. raised its target for South Korean stocks for the second time in less than a month, citing improvement in the semiconductor cycle, corporate governance reforms and industrial-sector growth.

The Wall Street bank lifted its base-case for the Kospi to 9,000 and its bull‑case target to 10,000, implying a 27.8% upside from Monday’s close. That compares with base and bull targets of 7,000 and 8,500 set in late April.