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| HSI1 | 23,211.81 | 0.00 | -- |
| HSCEI1 | 7,802.09 | 0.00 | -- |
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2026-10-26 18:46:53 Goldman Sachs said in a research report that it lowered its 12-month target for the KOSPI index to 9,000 from 12,000, and cut its target for the regional MXAPJ index to 1,040 from 1,120, incorporating more conservative assumptions on rising market volatility and slowing earnings momentum. The broker noted that the recent sharp market decline was driven by retail investor de-risking and concerns over heavyweight memory-related sectors. However, it believes the market has already priced in an overly pessimistic 65% decline in expected market earnings for 2027. Such concerns have also spread to non-memory sectors, leaving the broader South Korean equity market appearing deeply undervalued despite resilient corporate earnings and ongoing corporate governance reforms. The broker continued to view the current risk-reward profile as highly attractive, while strategically highlighting themes including power equipment, industrials, corporate governance, reflation and K-culture. Goldman Sachs also reset its 55-stock Asian strategic portfolio for 4Q26, favoring structurally growing, high-quality companies with earnings support and valuation discipline in an environment of relatively high interest rates and energy prices, rather than chasing broad market beta.(su/ad)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |