JPMorgan lifts Kospi target to 12,500, keeps Korea top Asia pick

JPMorgan on Thursday raised its 12-month target for South Korea's benchmark Kospi, keeping the country as its top equity market in Asia on expectations that AI-driven earnings will outweigh heavy foreign selling and volatility.

The bank lifted its base-case Kospi target to 12,500, up from its previous target of 10,000 given in May.

It also set a bull-case target of 15,000 and a bear-case target of 8,000.

In a report released Thursday, JPMorgan strategists said investors should add exposure on pu ...