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KOSPI could hit 5,000 as Korea’s chip sector powers global AI boom
JP Morgan forecasts South Korea’s KOSPI could reach 5,000 in 12 months as chip exports and AI hardware demand accelerate.
JPMorgan analysts turned bullish on South Korea’s KOSPI index, forecasting a rally toward 5,000 within 12 months amid the AI hardware upcycle. Korean chipmakers such as Samsung Electronics and SK Hynix are expected to benefit from strong semiconductor exports and global data-center demand. Analysts highlighted low valuations, strong earnings momentum, and improving export orders as catalysts. The optimism contrasts earlier caution about macro headwinds, underscoring how AI-driven capital expenditure is reshaping equity market leadership across Asia.