Goldman Cuts Kospi 12-Month Target by 25% as AI Trade Unravels

Goldman Sachs reduced its 12-month price target for South Korea's Kospi Index by 25%, according to Bloomberg. Goldman strategist Tim Moe cited reduced growth multiples for artificial intelligence stocks and increased volatility as reasons for the cut, according to MarketWatch. The reduction reversed multiple target increases Goldman had issued earlier in 2026.

• Bloomberg — Goldman Cuts Kospi 12-Month Target by 25% as AI Trade Unravels
• MarketWatch — The Kospi index is the leading indicator for the global AI trade — and Goldman just slashed its forecast by 25%

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