Goldman Sachs raises its target price for the South Korean stock market and maintains its "overweight" rating on A shares.

Goldman Sachs said in a report on Wednesday that the stock prices of artificial intelligence chip manufacturers may continue to rise, but the risk of a pullback is increasing. Analysts including Timothy Moe, Chief Stock Strategist for Asia Pacific at Goldman Sachs, wrote: "We are more optimistic about the North Asian region, where earnings growth is strongest." Goldman Sachs raised the target for the South Korean stock market from 9,000 points to 12,000 points. Goldman Sachs maintained an "overweight" rating on Chinese A shares. Goldman Sachs stated that the MSCI Asia Pacific ex-Korea and Taiwan index has risen 27% this year, but if Korea and Taiwan are excluded, the index has fallen by 4%. Goldman Sachs raised the 12-month target for the MSCI Asia Pacific ex-Korea and Taiwan index from 990 points to 1,080 points.