The South Korean Kospi index erased losses since the Iran war, with Goldman Sachs raising its target to 8,000 points.

The benchmark index Kospi in South Korea once rose by 1.1%, erasing all the losses since the outbreak of the Middle East conflict, with AI trading once again becoming the focus. SK Hynix, SK Square, and Samsung Electronics made the largest contributions to the index. Goldman Sachs raised its target for the Kospi index from 7,000 points to 8,000 points, citing strong demand for AI-related chips driving up profits for companies, and the current valuation level is attractive.