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JPM Raises S Korea KOSPI Index Bull-case TP to 10,000 Points; XL2CSOPHYNIX (07709.HK) Surges 23%
JPM has raised its target for South Korea's KOSPI Index for the second time in less than a month, reflecting an improving semiconductor cycle, corporate governance reforms and grow...
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JPM Raises S Korea KOSPI Index Bull-case TP to 10,000 Points; XL2CSOPHYNIX (07709.HK) Surges 23%
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JPM has raised its target for South Korea's KOSPI Index for the second time in less than a month, reflecting an improving semiconductor cycle, corporate governance reforms and growth in the industrial sector.

JPM lifted its base-case target for the KOSPI Index from 7,000 points to 9,000 points, and raised its bull-case target from 8,500 points to 10,000 points. The KOSPI Index hit another record high this morning (11th), last up 4.09% at 7,804 points, implying potential upside of 28% to the bull-case target.

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JPM said that from a short-term technical perspective, the markets gains appear overextended, but key fundamentals remain strong. Over the next two years, driven by average selling prices and shipment growth, the memory chip market may enter a sustained upcycle. Investors should therefore maintain positions to capture further upside and avoid prematurely anticipating the end of the cycle.

In Hong Kong, XL2CSOPHYNIX (07709.HK)  -14.080 (-13.410%)    Short selling $1.93B; Ratio 18.447%   opened 14.98% higher today (11th) and extended gains, hitting an intraday high of HKD98.74. It was last at HKD96.52, up 22.99%, with turnover of 32.55 million shares, involving HKD3.177 billion. XL2CSOPSMSN (07747.HK)  -19.050 (-12.243%)    Short selling $695.38M; Ratio 25.312%   was last at HKD147.05, up 5.83%, with turnover of 15.4154 million shares, involving HKD2.306 billion. (mn/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-15 16:25.)

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