JPMorgan Chase Raises Target for South Korea's Kospi Index to 15,000 Points in Bull Market Scenario

BlockBeats News, June 25th, JPMorgan Chase raised its target for the Seoul Composite Index (Kospi Index) and advised buying on dips, maintaining its maximum exposure to the South Korean stock market. JPMorgan Chase strategists wrote in a report: "This is due to our constructive view on artificial intelligence and the earnings of related hardware companies. Retail buying still has room to increase further."

JPMorgan Chase's bullish scenario target of 15,000 points implies a 77% upside from the Kospi Index's closing point of 8,471.02 points on Wednesday. JPMorgan Chase also raised the target levels for the base case and bear case scenarios to 12,500 points and 8,000 points, respectively. (FXStreet)