TechFlow News, June 25: JPMorgan Chase raised its target for South Korea’s KOSPI Index and recommended adding to positions on dips, maintaining its highest exposure to the Korean equity market. JPMorgan strategists wrote in their report: “This stems from our constructive view on artificial intelligence and the earnings of related hardware companies.
There remains room for further increases in retail investor buying.” JPMorgan’s bull-case scenario forecasts a 77% upside potential for the KOSPI Index from Wednesday’s closing level of 8,471.02. JPMorgan also raised its base-case and bear-case targets to 12,500 and 8,000, respectively. (Jinshi)
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