The South Korean KOSPI index opened down 232.32 points, a drop of 3.03%.
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South Korea's KOSPI index fell below 7200 points, down more than 6% on the day.
PANews reported on July 8 that, according to Jinshi, the South Korean KOSPI index fell below 7200 points, down more than 6% on the day.
Goldman Sachs: South Korean stocks are expected to see a broad-based rally in the second half of the year; maintains KOSPI target of 12,000 points.
According to Mars Finance, on July 6th, Goldman Sachs released a new research report stating that the upward trend in the South Korean stock market in the second half of the year is expected to spread from AI storage leaders such as Samsung Electronics and SK Hynix to more sectors including energy, raw materials, and industrial manufacturing. Overseas funds are gradually positioning themselves in the upstream and downstream of the AI industry chain and other independent investment opportunities. Regarding market concerns about a bubble in the South Korean stock market, Goldman Sachs believes that the current increase in margin balances is mainly due to the growth of leveraged ETF net asset value, rather than new borrowing by investors. South Korean residents' assets are still mainly in real estate, cash, and overseas stocks, and the domestic stock market still has room for incremental capital inflows. Goldman Sachs predicts that South Korean companies' overall net profit will increase by approximately 320% year-on-year in 2026 and will maintain a growth rate of approximately 35% in 2027. It maintains its 12-month target of 12,000 points for the Korea Composite Stock Price Index (KOSPI), representing an upside of over 20% from current levels, but expects increased market volatility in the future.
Goldman Sachs: Expects South Korea's KOSPI index to reach 12,000 points in the next 12 months.
According to Odaily Odaily, Goldman Sachs predicts that the South Korean KOSPI index will reach 12,000 points within the next 12 months, representing an increase of more than 20% from current levels. However, Goldman Sachs also warns that this upward trend may be "winding." In the market, tech stocks are poised for a strong start to the week, while the South Korean memory chip giant will once again test the waters of artificial intelligence trading. Nasdaq 100 futures rose 1%, S&P 500 futures rose 0.4%, and Dow futures were essentially flat. Samsung Electronics will report earnings on Tuesday; the chipmaker's stock has risen 165% this year, and its financial performance will be closely watched. A few days later, SK Hynix will also proceed with its $29 billion U.S. IPO.
South Korea's KOSPI index turned positive, with SK Hynix rising over 2%.
According to BlockBeats, on July 8th, based on Bitget market data, the South Korean KOSPI index turned positive, after initially falling nearly 4%. SK Hynix rose over 2%, while Samsung Electronics narrowed its losses to 1%. According to BIT (bit.com) market data, US storage concept stocks opened lower but rallied in overnight trading, with SanDisk rising over 3%, and Micron Technology and Western Digital rising over 1%.
South Korea's KOSPI index fell further to 7%.
According to Mars Finance, on July 7th, the South Korean KOSPI index continued its decline, falling 7% to 7487.25 points. Samsung and SK Hynix both fell nearly 9%. Furthermore, Southern's double- long in Samsung Electronics (07747) fell over 20%, and Southern's double- long position in SK Hynix (07709) fell over 19%.
Japanese and South Korean stock markets opened higher but then fell.
According to Mars Finance, on July 6th, based on market data, the Nikkei 225 index closed down 6.38 points, or 0.01%, at 69737.69 points on Monday, July 6th. The South Korean KOSPI index closed down 37.01 points, or 0.46%, at 8051.33 points on Monday, July 6th, after initially rising nearly 3%.